Nomura to Switch to Merit-Based Pay for Japan-Based Brokers
A broker looks at an electronic board displaying the activity of the yen against the U.S. dollar at a foreign exchange brokerage in Tokyo, Japan. (Photographer: Haruyoshi Yamaguchi/Bloomberg News)

Nomura to Switch to Merit-Based Pay for Japan-Based Brokers

(Bloomberg) -- Nomura Holdings Inc. will introduce a merit-based pay system at its domestic securities unit next year, moving away from the long-standing Japanese practice of rewarding staff mostly...
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