Business

Nomura appoints first female finance chief

Nomura sign
Image caption Nomura said it was good to encourage diversity in the workplace

Japan's largest brokerage house, Nomura, has appointed its first female chief financial officer in an unusual move for a top Japanese company.

Junko Nakagawa will take up her position on 1 April.

Nomura also announced the promotion of Jesse Bhattal to deputy president of the firm's wholesale banking division.

The move is part of a wider effort by some big Japanese companies to offer roles to foreigners to help them move into overseas markets, analysts said.

"We have not named Ms Nakagawa as chief financial officer because she is a woman but because she has the capacity to do this job and assume the responsibilities," Nomura said.

"That said, we think is good to encourage diversity in our business."

The promotion is an unusual move in Japan where senior business positions are generally filled by men.

"It is rare for a Japanese financial institution to give this type of promotion to a woman," said Azuma Ohno at Credit Suisse in Tokyo.

"It's an impressive move."

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