JP
Company: Credit Suisse
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 [...]
SocGen could be private bankers’ preferred destination in Japan
Societe Generale Private Banking Japan has announced plans to hire more than 10 people between now and the end of 2011. According to a report by Bloomberg, the positions will be predominantly for actual private bankers as the company expands from its current headcount of 120. But there could be difficulties for SocGen and other [...]
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 [...]
Will Credit Suisse hire hundreds of private bankers?
Could Credit Suisse be about to go on a hiring rampage in Tokyo? That at least is what Junya Tani, the Japan head of the firm’s private banking business, seems to be planning. Talking to Bloomberg earlier in the month about Credit Suisse’s business plans for the next five years, Tani said he would like [...]
Credit Suisse seeks private bankers
The Swiss are bucking the trend. While foreign firms like HSBC have been moving certain functions away from Japan, Credit Suisse has just launched a new private banking operation in Tokyo. The firm’s new services are being provided through its banking entity, Credit Suisse Tokyo Branch, and its securities entity, Credit Suisse Securities, and are [...]
It pays to be in control
Product controllers aren’t exactly the most high-profile people in the banking sector, but they do have something that many front-office hotshots would kill for: comparatively safe jobs. Low-level outsourcing aside, redundancies remain rare in product control (PC), but the hiring market is slow and banks are demanding senior candidates with near-perfect skill sets. “It’s a [...]
Japan: preview of 2009
Good(ish) year Risk management and compliance With the financial crisis showing no sign of ending, regulatory gurus will remain in demand in 2009. “We see a fundamental shift to less risk in the investment assets that financial institutions take on their books,” says Gregory Toole, a director at Hudson. “We also see repercussions of the [...]
Redundancies come to Nomura
Is Nomura going to cut hard into Japanese jobs? This is the obvious question after last week’s revelation that Nomura’s eliminating jobs for ex-Lehman staff in Asia. At least 30 jobs are expected to go in Tokyo. Nomura shareholders seem to want cuts – the company’s share price rose 0.7% after the announcement. Azuma Ohno, [...]
Would you take a passage to India?
Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region – Swiss rival UBS is also looking to double its Indian headcount and the likes of Merrill Lynch and Citi are also building their business on the subcontinent. M&A deals in India are [...]
Poaching not popular at private banks in Japan
Credit Suisse has poached someone from UBS to be its new head of private banking in Japan, but taking senior staff from rivals is still rare in this sector. The firm set up a private bank early this month and has appointed Junya Tani from UBS Securities Japan, where he was head of wealth management [...]
Follow eFinancialCareers
What is RSS?
Advice
