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Nomura Holdings to appoint female president for bank, a first for Japan

Published on Mar 6, 2014 1:50 PM
 
This handout picture released by Japan's biggest brokerage Nomura Holdings on March 5, 2014 shows Ms Chie Shimpo, the newly appointed president of Nomura Trust and Banking in Tokyo. Japan's biggest brokerage Nomura Holdings said on March 6 it has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector. Ms Shimpo will become president of Nomura Trust and Banking next month, as Japanese Prime Minister Shinzo Abe calls for more women to join the labour force and firms to bring female employees into the boardroom. -- PHOTO: AFP 

TOKYO (AFP) - Japan's biggest brokerage Nomura Holdings said on Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.

The executive, 48-year-old Ms Chie Shimpo, will next month become president of Nomura Trust and Banking, as Japanese Prime Minister Shinzo Abe calls for more women to join the labour force and firms to bring female employees into the boardroom.

None of the nation's three biggest banks - Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Financial - have top female executives, according to a government survey.

The Bank of Japan has just one woman on its nine-member board.

 
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