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Nomura Ex-Employee Jailed for Client Robbery

Bloomberg Markets •
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A Hiroshima court sentenced former Nomura Holdings employee Yusei Kajiwara to 18 years in prison for a home robbery involving an elderly client. The 30-year-old former financial worker admitted to theft but denied murderous intent despite prosecutors alleging he rendered the victim unconscious with a sleep-inducing drug and set a fire to eliminate evidence. Nomura executives took pay cuts and issued public apologies after the 2024 incident.

The scandal prompted Nomura Holdings to tighten rules on employee visits to clients' homes, reflecting broader concerns about financial security protocols in Japan where house calls remain standard practice. Despite the criminal case, the brokerage's wealth management division continues to perform strongly amid growing Japanese household investment to combat inflation.

Wealth management operations have remained a financial stronghold for Nomura, generating approximately a quarter of the firm's revenue despite the criminal case. The division's resilience demonstrates investor confidence in Nomura's core business even after one former employee abused access to clients' private residences.