Nomura Holdings’s ranking in the corporate bond market remains under pressure after its reputation was hit by a market manipulation scandal at a time of greater scrutiny of governance breaches in Japan.
Japan’s biggest brokerage saw its position fall to sixth place in November and its market share shrink to 2.1%, the latest data compiled by Bloomberg shows, with online brokerage SBI Holdings leapfrogging over its larger rival.
Nomura’s reputation has taken a hit after it admitted to a bond market manipulation in October and following charges brought against a former employee in November on suspicion of robbery, arson and attempted murder of an elderly couple during a customer visit.
