Nomura's Europe chief resigns after less than 2 years

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Nomura’s CEO for Europe, the Middle East and Africa, Jeremy Bennett, resigned after less than two years in the job.

Bloomberg News reports that Yasuo Kashiwagi, who had been the unit’s co-CEO, will become interim CEO, a spokesman for the bank in London said by telephone. Kashiwagi held the same role when John Phizackerley resigned as Nomura’s CEO for the region in 2013.

Bennett, 50, plans to pursue opportunities in the charitable sector and emerging markets, according to the spokesman. The former Credit Suisse banker and senior adviser to Britain’s Financial Services Authority didn’t immediately reply to a message left on his mobile telephone.

In the meantime, Nomura was barred by a judge in New York from claiming a U.S. regulator was too late in filing a lawsuit over questionable mortgage practices, the second such ruling in less than three months.

Bloomberg also reports that U.S. District Judge Denise Cote’s decision echoed one in August in which she said the Federal Housing Finance Agency, which sued over residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, wasn’t barred by laws limiting the time in which suits must be filed.

Nomura Europe CEO Bennett Resigns After Less Than 2 Years

Nomura Barred From Arguing U.S. Mortgage Suit Too Late

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