So farewell, then, Max Chapman, the banker who got closer to the top of a Japanese financial institution than any other westerner, and who resigned last month to spend more time enjoying his Arizona ranch and his personal fortune estimated to be $100 million.
He joined Nomura in 1989 – from Kidder Peabody, where he was president and chief executive officer, and within three years had become head of Nomura Securities International, the US subsidiary.
The US division prospered, largely off the back of its real-estate operations which he ran with Ethan Penner.
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