Company: Bloomberg

Foreign banks do more equity underwriting but don’t need more bankers

Foreign investment banks are grabbing a bigger share of Japan’s equity underwriting market. But that isn’t translating into increased hiring. As Japanese firms look to sell more stock overseas, i-banks such as Goldman Sachs and JP Morgan have cashed in. According to a Bloomberg report, in the last 12 months Goldman Sachs has surged from [...]

By Rob Goss, September 24 2010 • 0 Comments

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 [...]

By Rob Goss, September 3 2010 • 0 Comments

Prime broker hiring is looking perky

Things could be on the up for prime brokers. According to a Bloomberg report, Credit Suisse is looking to expand its prime brokerage coverage and headcount in Japan on the back of expectations that hedge fund revenue is set to rebound. But it isn’t only the Swiss who have designs on cashing in on a [...]

By Rob Goss, August 12 2010 • 0 Comments

Nikko is upping its numbers

Nikko Cordial Securities, the brokerage and investment banking unit of Sumitomo Mitsui Banking Corporation, has announced plans to increase global staff numbers by 14 per cent (about 1,000 people) between now and the end of March 2013. According to a Bloomberg report, the hiring surge is aimed at tapping into what the firm expects will [...]

By Rob Goss, April 8 2010 • 0 Comments

Barclays keeps on hiring

Barclays is still hiring in Japan as it looks to keep strengthening its local presence. And it’s still sweeping up ex-Lehman employees. According to a recent Bloomberg report, the majority of the approximately 100 people Barclays has hired since October to boost its equity research and sales business in Japan have been former Lehmanites. Kevin [...]

By Rob Goss, August 10 2009 • 0 Comments

Another wave of layoffs on the way?

Bloomberg reported recently that Citigroup has started to shed staff at its investment banking unit, Nikko Citigroup. According to the report, at least 10% of Nikko Citigroup’s 1,600 staff will face the axe, with 16 positions already cut from the unit’s equity research department. Nikko Citigroup spokesperson Naomi Watanabe declined to comment on the cutbacks, [...]

By Rob Goss, October 28 2008 • 2 Comments