Nomura Holdings Inc. made several senior executive changes.

The company appointed Satoshi Arai head of retail, taking over from Eiichiro Yamaguchi, while Junko Nakagawa was named head of asset management. Nakagawa assumes the role from Kunio Watanabe, who is taking over as executive chairman for the Americas from David Findlay.

The changes will take effect April 1.

Nomura also appointed James DeNaut CEO of Nomura Securities International Inc.

Makoto Kinone was named chairman and CEO of Nomura International PLC's Dubai branch, president of Nomura Investment Banking (Middle East) B.S.C. (c) and chairman of Nomura Saudi Arabia.

Masanori Ozeki was appointed president of Nomura Bank (Switzerland) Ltd, while Masayuki Sekizuka was named president of Nomura International (Hong Kong) Ltd., Hiroki Kanazawa president of Nomura Securities Malaysia Sdn. Bhd. and Shin Asano president of P.T. Nomura Indonesia.

Shigehiro Tomita was appointed chief representative of the company's Shanghai office. Michael Rintoul and Miguel Espinosa were named co-heads of investment banking for the Americas.

The changes to management in its international operations are subject to local regulatory approvals.