Ex-Nomura Securities chairman, Setsuya Tabuchi, dies at 84

28 June 2008

Tokyo: Former Nomura Securities Co chairman, Setsuya Tabuchi, credited with expanding the company into one of the world's largest brokerage houses during the high-flying 'bubble-economy' era, died of heart failure Thursday night, his family said Friday.

He was 84.

Tabuchi was president of then-Nomura Securities Co, currently Nomura Holdings Inc,  from 1978 to 1985, and chairman until 1991.

Tabuchi entered Nomura Securities, after graduating from the law faculty of Kyoto University in 1947.

He took the helm of the company at the age of only 54.

It was during his tenure that Nomura, Japan's biggest investment bank, also became the world's largest financial institution, with a market value of $76 billion. On 17 April 1987, Momura's valuation was 18 times that of Merrill Lynch & Co.