JP
Company: Nomura
The M&A job market in Japan seems strong in the long term
The M&A outlook seems positive in Japan as local businesses are expected to take advantage of an appreciating yen by acquiring more companies overseas. There were 800 cross-border takeovers in Japan last year, valued at US$89bn – the highest number of these transactions since 2000, according to Bloomberg. Its report last month also cited both [...]
Banks tell headhunters to find more female execs, while Nomura, Morgan Stanley, RBS and Citi appoint women to senior roles in Asia
We all know that female bankers at the top of the food chain aren’t all that common. A recent poll in Financial News found that less than 5 per cent of senior executives in investment banks are women. In Asia, however, a string of senior appointments and requests to recruiters to select more women for [...]
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 [...]
Don’t get too excited about Nomura’s golden handshake, it wouldn’t happen in Tokyo
Nomura has been in the news for something very un-Japanese: the multi-million dollar golden handshake it has given to one of its top executives. According to a recent report in the Financial Times, the bank gave Sadeq Sayeed, a former chief executive of the company’s European business, a generous $34m payoff after his resignation in [...]
Nomura in Tokyo: infighting or ironing out?
Since its acquisition of Lehman Brothers’ Asian and European arms in 2008, Nomura has been keen to push its global credentials, and this is having a huge impact on its HR policies. Ex-Lehman people, for example, have taken on many top positions at the firm: out of 23 senior managing directors appointed in November, only [...]
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 [...]
Are juniors doing better in the job market than seniors?
Senior level hiring at Japanese banks is in a bit of a slump. John McCrohon, director of financial services at Robert Walters Japan, says most of the current hiring is at AVP or VP level, with limited activity in the MD and above range. Mika Nomura, business director at Hays Banking, has also seen very [...]
Nomura’s hiring big in the US, shame about Japan
Business is good for Nomura. The Financial Times reports that Japan’s largest investment bank expects to return to full-year profitability in the year to March for the first time in three years, largely on the back of strong demand for fundraising in Japan. Now the bank has reportedly earmarked $2.5bn for expansion in the U.S., [...]
Hiring gets slowly into gear at J-banks
Things are on the up at Japanese banks. Well, most of them at least. Japan’s largest bank, Mitsubishi UFG Financial Group, returned to profit in the first quarter with net gains of 75.9bn yen, as did Daiwa Securities (17.9bn), Nomura Holdings (11.4bn) and Japan’s third largest bank, Sumitomo Mitsui Financial Group (72.8bn). But will profit [...]
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 [...]
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