Since taking the reins of Nomura’s wholesale division in September 2022, Chris Willcox has had plenty of  fires to fight at the Japanese bank.

Chief among them was dealing with the fallout from the collapse of family office Archegos Capital. Nomura took a near $3bn hit when the investment firm toppled in April 2021 — a loss topped only by Credit Suisse. The bank faced tough questions about its risk controls and scaled back its prime services division at the centre of the loss.