Nomura EMEA CEO Departs, Morgan Stanley Brokerage Has New Vice Chair

Revolving Door

Nomura has lost its European figurehead after the abrupt departure of its regional chief executive in yet another management change at the Japanese bank.

The Financial Times reports that John Phizackerley, Nomura’s chief executive of Europe, the Middle East and Africa, has left the group, according to a terse internal memo circulated late last week.

The bank has named Japanese-born Yasuo Kashiwagi as interim replacement.

In the meantime, Bloomberg reports that Morgan Stanley, owner of the world’s largest brokerage, has hired CNBC’s Gary Kaminsky as a vice chairman in wealth management.

Kaminsky, who was the cable television network’s capital-markets editor, will work with Morgan Stanley’s financial advisers on client development,

Kaminsky will continue to be a CNBC contributor, according to the memo. He previously helped manage an investment portfolio of more than $12bn at Neuberger Berman, where he worked from 1999 to 2008, according to the memo. Neuberger Berman was part of Lehman Brothers Holdings Inc., which collapsed in 2008 amid the financial crisis.

Morgan Stanley Hires CNBC’s Kaminsky for Brokerage Position

European chief is latest key departure at Nomura

image: © Dan4th Nicholas

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