JP
Company: HSBC
Can you really trust a Japanese bank when it says it’s expanding in Europe? What disaffected ex-Japanese bankers say
Japanese banks are hiring in London. Daiwa is hiring. Mizuho is hiring. Sumitomo Mitsui is hiring. Nomura is also still hiring too. But Japanese banks’ enthusiasm for expansion is viewed with cynicism by some of those in the market who say they are notorious for getting in, then getting out, then getting in again. “It’s [...]
Equity researchers: an endangered species
Equity researchers in Japan are rapidly becoming an endangered species. UBS and Citigroup are among the globals that have cut into their research teams, while HSBC has ditched equity research in Tokyo altogether. But the plight of the equity researcher doesn’t stop there. Equity researchers are being cut across all distressed securities houses and investment [...]
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 [...]
Are bankers saying sayonara to Tokyo?
It isn’t just unemployed bankers that are saying sayonara to Japan. Last month, HSBC announced it would relocate its Japanese equity operations to Hong Kong, a move that came shortly after Nomura revealed that its head of global equities and head of investment banking would no longer be working out of Japan. But they aren’t [...]
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, [...]
Can Dubai or Shanghai really save your career?
Touted as possible sanctuaries from the problems crippling the Western financial system, do the Middle East or Asia really offer ample job opportunities or even any shelter from redundancies? Asia, in particular, might not be a completely safe haven, as both HSBC and Merrill Lynch have announced triple-digit job cuts in recent weeks. Similarly, the [...]
Slow but steady hiring at private banks in Japan
Foreign private banks are still on the hunt for talent in Tokyo, but recruitment levels are too low to offer much hope to redundant i-bankers seeking sanctuary in the sector. Citigroup, UBS and Société Générale are among the most active in the fledging Japanese jobs market, although the scale of their recruitment pales in comparison [...]
Follow eFinancialCareers
What is RSS?
Advice
