Veritas' Morton to step down after Nomura deal announced

Thu, 24 May 2018

By Sophie Boot May 25 (BusinessDesk) - Veritas Investments director Michael Morton will step down from the board next month, after a meeting where shareholders will vote on whether to agree to a $27.5 million loan from Japanese investment bank Nomura Holdings. The company announced the possible deal with Nomura, a Tokyo-headquartered financial services group, which in 2011 bought the so-called ‘good bank’ assets of failed lender South Canterbury Finance, at the beginning of the week. The first two tranches of funding, totalling $22.5 m...

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