Female bank head a first for Japan

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TOKYO: 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. Chie Shimpo, 48, 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 for companies 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.

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