Nomura has no plans to renew controversial guaranteed bonuses for former Lehman Brothers staff who joined the Japanese bank last year, according to a senior executive.
Minoru Shinohara, chief executive of Nomura's non-Japanese Asian operations, also said the bank intended to expand significantly in China and India next year, in addition to stepping up its recruitment drive in the US.
In an interview with the Financial Times, Mr Shinohara said Nomura was reviewing its compensation system to “make it as fair as possible”.
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