Nomura CEO’s Pay More Than Doubles After Profit Hits Record (1)

Nomura Holdings Inc. more than doubled Kentaro Okuda’s pay last year, rewarding the chief executive officer for guiding Japan’s largest brokerage to a record annual profit.

Okuda’s compensation rose to ¥1.208 billion ($8.2 million) in the year ended March 31 from ¥506 million a year earlier, according to a filing Monday. Christopher Willcox, the firm’s highest-paid executive officer, who oversees trading and investment banking, saw his remuneration jump 25% to $15 million.

Nomura’s profithit an all-time high last fiscal year as the return of inflation to Asia’s second-largest economy energized investors. Pretax income at Willcox’s wholesale division ...