JP
Company: Bank of America
Banks are open and interviewing in Tokyo but recruitment will take weeks to recover
Most banks in Tokyo are open this week and some are even carrying out job interviews, despite the devastation in coastal Japan and the nightmare surrounding the Fukushima nuclear plant. The Wall Street Journal reports that it’s business as usual for 16 major foreign banks in the city. Bloomberg says JP Morgan and Credit Suisse [...]
Equity researchers are on the rise
Foreign firms in Tokyo are beginning to increase their equity research hiring. And though much of the current activity is for replacements or upgrades, recruiters are hopeful that some serious expansion might be just around the corner. “Our clients are presently predominantly looking for experienced analysts, but we expect interest to increase quite dramatically, at [...]
BoA Merrill leads corporate banking recruitment revival
Bank of America Merrill Lynch is expanding its corporate-banking headcount in Japan. The US firm will add 30 staff to its current 70-strong corporate-banking services headcount before the end of 2010, with the new hires including salespeople, sales support and credit specialists, according to The Wall Street Journal. BoA probably won’t be the only firm [...]
Compensation – Going Up?
With both trading profit and underwriting business rebounding in many markets, the newspapers are rife with stories about the return of boom-era paydays. Goldman allocated $11.36 billion for compensation and benefits expense in the first six months of 2009. That figure, which averages $386,000 per employee, stands higher than it did at the halfway mark [...]
BoA is expanding in equities, others aren’t
Bank of America is expanding its Japanese equity business by bulking up staff numbers at its Merrill Lynch Japan Securities unit. The expansion comes at a time when most of BoA’s global rivals are scaling back their equity operations in Japan, but the firm says it believes the current downturn is the perfect time to [...]
Wall Street’s woes slow down recruitment in Japan
The crisis in the US finance sector is creating a climate of increased caution within the Japanese hiring market. Both employers and candidates are treading carefully. “Candidates are becoming more cautious. If they have a stable position, they are unlikely to move on,” says Kyoungjin Lim, manager, finance technology at Pinnacle Consulting Group. Pete Millett, [...]
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