Word: tabuchi
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Dates: during 1988-1988
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Behind the firm's drive to become the world's unrivaled financial heavyweight is Yoshihisa Tabuchi, 56, a forceful and intensely competitive 32- year Nomura veteran, who became its president in 1985. A former salesman and retail-branch manager, Tabuchi believes Nomura's aggressive style of selling and dealmaking can work in any market, no matter what the language or currency. Nomura, after all, has a big advantage over foreign rivals -- and Tabuchi knows it. Says he: "Japan has simply become the world's source of capital...
...emphasis on technology is part of Tabuchi's plan to make Nomura a major force in Western countries, a goal first mapped out more than 60 years ago. In 1927 Nomura opened offices in New York City's Equitable Building, becoming the first Japanese securities firm with an overseas branch. That inspired proud lines in a 1929 company song: "The Japanese flag is hoisted in the morning breeze on Wall Street/ And the Statue of Liberty smiles upon/ Our truly global power." After World War II, Nomura was the first Japanese securities company to return to New York with...