To those in the know, Nomura chairman Masashi Suzuki’s choice of Junichi Ujiie as the new president of the company was not a complete surprise.
In a sense, Ujiie was Suzuki’s protégé. They had first met in the early 1970s, when Ujiie was a post-graduate student at the University of Chicago, and Suzuki was head of Nomura’s personnel department. It was a meeting with Suzuki that had helped persuade Ujiie, at the age of 30 and with a doctorate in monetary economics, to join Nomura in November 1975.
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