Jasjit Jesse Bhattal, former Asia-Pacific CEO of Lehman Brothers, will step down from his current job as chairman of Nomura Asia at the end of this year, according to an internal announcement seen by FinanceAsia.
A message to Nomura employees from Takumi Shibata, deputy president and COO of Nomura Holdings, said that Bhattal will be leaving, now that the integration of the Asia businesses has been successfully completed and the value of the acquired businesses has been proven with a significant contribution to the firm. Nomura bought Lehman's Asia operations last September.
The memo added that Bhattal will continue to provide his counsel and strategic insight as a senior advisor...
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