Rumours about Jasjit “Jesse” Bhattal’s future as the head of Nomura’s investment bank have been doing the rounds for years now. There’s never been much debate about whether he would stay or whether he would go the question has always been when, as industry watchers have wondered how Nomura could possibly have absorbed the cost of buying Lehman Brothers’ European and Asian operations in 2008.
The rumours came to an end yesterday, when Nomura announced Bhattal’s decision to retire from his position as president and CEO of the wholesale division and deputy president of Nomura.
The Japanese bank said that Bhattal’s responsibilities will be assumed on...
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