JP
Company: Morgan Mckinley
Japanese recruitment bright spot alert: FX in Tokyo
UBS has made the news again, albeit for less shocking reasons than the rouge trading scandal or the resignation of its top bankers. The Swiss bank hired several executive directors for its foreign exchange desk in Tokyo. Toshimasa Fujii, formerly of Barclays Bank, is now head of e-commerce sales; John Shen-Nagakura from Société Générale has [...]
Tokyo stays steady: A review of recruitment in 2010
If you had to describe 2010 in three words, you wouldn’t go far wrong with “steady, yet unspectacular”. But mediocre looks pretty good after the horrors of 2008 and 2009. So what were the hiring highlights? Read on. Equity analysts 2010 saw high demand for equity analysts, both senior and junior, across all sectors. “Firms [...]
Private banking: demand rises, talent-supply doesn’t
Now is definitely a good time to be a private banker in Tokyo. With the sector continuing to expand across Asia, it seems most of the domestic and the global private banks are on the hunt for relationship managers. “Private banking is a growth area in Asia and the view is that the Japanese market [...]
Recruitment: What’s in store in Q4?
Hiring surge, headcount purge or more resisting of the expansion urge? What does Q4 have in store for Tokyo’s banking and finance industry? The answer depends on who you ask. Lionel Kaidatzis, operations director at Morgan McKinley Tokyo, is one recruiter expecting good things. He thinks we will see a “relative up-shift in hiring” across [...]
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 [...]
The big accounting firms aren’t having it easy in Tokyo.
Kevin Naylor, team manager of the financial services division at Wall Street Associates, says not only have the Big Four been making less of an effort to retain staff over the last six to 12 months, in some cases there has even been restructuring on a scale he says is unprecedented in recent memory. “The [...]
Quants aren’t quite so quiet these days
Demand for quants is picking up, but hiring is still sluggish in some areas. In the front office a number of top-tier securities firms are hiring in quantitative roles, says Lionel Kaidatzis, operations director at Morgan McKinley Tokyo. “Equity and equity derivatives seem to be key areas in which firms are looking to hire quants, [...]
M&A pros are now actually finding jobs
It has been a tough couple of years for M&A professionals in Japan. Times though are changing. Many banks are now looking to expand their M&A teams, says Iwona Bancerek, a consultant at CDS Consulting. “Although the market is still dominated by big players like Nomura, we are seeing a number of M&A advisory departments [...]
Daiwa really does like grads
Japan’s second-largest brokerage, Daiwa Securities, is planning to increase new-graduate hiring by almost 40 percent in 2011. In an interview with Bloomberg, a spokesperson for Daiwa said the firm plans to hire 490 university graduates for the year starting 1 April 2011. The 2011 intake will include a number of foreign students studying in Japan. [...]
Hedge funds are actually starting to hire again
Good news for anyone with an interest in hedge funds: hiring is slowly on its way back as funds start to regain their confidence in the market. Yoshiki Kumazawa, a consultant at Morgan McKinley Tokyo, says the impact of the financial crisis caused many Japanese hedge funds to reduce headcount, with some even closing completely, [...]
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