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Nomura executive pay rises 150% as profits recover

Nomura Holdings more than doubled pay for its top executives in the past fiscal year as profits at Japan’s largest brokerage rebounded in booming domestic markets.

Total compensation paid to the company’s eight executive officers rose 150% to ¥4.46 billion ($28.4 million) in the year ended March 31, according to a recent notice for a scheduled annual general meeting of shareholders next month.

Chief Executive Officer Kentaro Okuda is among that group, as is Christopher Willcox, who oversees investment banking and trading. The figure includes stock awards as well as ¥1.21 billion in cash bonuses and ¥598 million in base salaries.

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