Company: Morgan Stanley

Mixed hiring fortunes for foreign banks in Japan

The report card for 10 major foreign banks in Japan in the last fiscal year (ending March 31) was quite a mixed bag and correspondingly, hiring plans for these firms have varied this year. Bloomberg reported last week that Morgan Stanley trounced its rivals, more than doubling its revenue to 80.5bn yen, allowing for a [...]

By Shree Ann Mathavan, August 8 2011 • 1 Comment

Why “samurai bankers” pay the ultimate price in Japan

When the going gets miserable in Japanese banking, the head of the firm gets going. Case in point: Mitsubishi UFJ Morgan Stanley Securities President Fumiyuki Akikusa, who resigned along with five executives last month. The move was to “take responsibility” for the US$1.77bn in trading losses sustained by the struggling US-Japanese joint venture reported The [...]

By Shree Ann Mathavan, May 18 2011 • 0 Comments

Why MS bankers should stick with MUFG

Morgan Stanley bankers looking to avoid the conservative culture of Mitsubishi UFJ Financial Group (MUFG) , their new joint-venture partner, may be out of luck. The job market in securities isn’t strong, so MS staff might be better off staying put. The two firms are forming a securities joint venture by the end of March [...]

By Rob Goss, April 2 2009 • 0 Comments

Barclays bucks the firing trend

Most foreign investment banks have been cutting headcounts in Japan, but Barclays seems set on a staffing expansion, all be it a modest one. The British bank, which is planning about 4,500 job cuts globally this year across its divisions, announced the addition of 10 staff to its Barclays Capital investment banking team in Tokyo [...]

By Rob Goss, January 29 2009 • 0 Comments

Asia not immune from Morgan Stanley’s axe

Morgan Stanley bankers who were hoping John Mack would take pity on them again this year are due to be disappointed. And Asia is no safe haven from the global carnage. Last December Mack raided the coffers to stump up a 5% increase in average compensation for 2007 over 2006, but he now appears to [...]

By Sarah Butcher, June 25 2008 • 0 Comments

Jobs at Japanese banks most shielded from subprime

Japanese financial firms racked up subprime losses of about US$8bn as of the end of March, according to a recent Financial Services Agency report , but the locals still aren’t axing jobs like the bulge bracket. While international players such as Merrill Lynch, Morgan Stanley and UBS are on a post credit crunch culling spree [...]

By Rob Goss, June 17 2008 • 0 Comments

Macquarie brings hiring hope to Japan

Macquarie is breathing some life into a generally dormant Japanese financial recruitment market. The Aussie bank, which took on 100 new hires in the second half of last year, is continuing its recruitment drive. Andrew Low, Asia head of Macquarie Capital Advisers, comments: “Japan is becoming an increasing focus and we are pleased to be [...]

By Simon Mortlock, June 4 2008 • 0 Comments