Nomura Trader Departs, Executives Return Pay After Scandal (1)

The Nomura Holdings Inc. trader at the heart of a market manipulation scandal has left the firm, while its chief executive officer and other top managers are giving up part of their pay to take accountability.

The employee who manipulated Japanese government bond futures is no longer with Nomura, according to an official at the firm who asked not to be identified discussing a private matter. CEO Kentaro Okuda will voluntarily return 20% of his pay for two months, a Nomura statement showed on Thursday. Deputy President Yutaka Nakajimaand several other executives at the firm’s domestic securities unit will ...