Nomura Holdings, Inc.’s NMR Chief Executive Officer (CEO), Koji Nagai has been awarded compensation worth ¥328 million for the fiscal year ended Mar 2015, as per the company’s latest annual report. This reflects a year-over-year increase of 10% from ¥298 million for the fiscal year ended Mar 2014.
Nagai’s total pay for the year included a base salary of ¥102 million, cash bonus of ¥70 million and deferred bonuses of ¥139 million. Notably, Nagai has been serving the company since 1981 while taking over the position of Group CEO of the company in Aug 2012.
His pay hike is justified bearing in mind the pivotal role he played in driving the company’s performance last year. Under his leadership, net income for fiscal 2015 stood at ¥226 billion, up 4.4% year over year. Revenue increased 5.4% year over year to ¥1,930 billion. Notably, the asset management unit’s net revenue increased 15% year over year to ¥92.4 billion in fiscal 2015.
Citing a company spokesperson, a Bloomberg release stated that Nagai’s pay marked the first time when a Nomura executive’s compensation surpassed ¥300 million since the Japanese brokerage giant began disclosing information in 2010.
Among other financial institutions, Sergio P. Ermotti, CEO of UBS Group AG UBS has been awarded a 4% year-over-year increase in his compensation for 2014. However, Bank of America Corporation’s BAC CEO Brian Moynihan received a 7% cut in his total compensation for 2014. Also, the departing CEO of Credit Suisse Group AG CS, Brady W. Dougan received less than 1% pay cut in 2014.
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