Sector: Debt / Fixed Income

Uncertain times for bond traders

The shape of corporate bond trading in Japan is changing. Yoshiki Kumazawa, a consultant at Morgan McKinley Tokyo, says the high level of risk on corporate bonds has meant that traders are increasingly selective and conservative in the way they now trade. “There has been a noticeable shift in focus from complex exotic trades to [...]

By Rob Goss, February 26 2009 • 0 Comments

Falling hiring in fixed income

With hiring levels down and bonuses expected to shrink, it seems fixed-income roles in Tokyo are feeling the heat of the financial crisis. James Incles, managing director at Morgan McKinley Tokyo, says there has been a reduced appetite to hire bond traders in Tokyo, due to continued turmoil in global financial markets. Abhi Kumar, an [...]

By Rob Goss, October 23 2008 • 0 Comments

Lehman and Bear to draw blood in Asia?

Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]

By Sarah Butcher, March 17 2008 • 0 Comments

Redundancies big in Japan

Western banks have been taking the axe to their teams in Japan, and there is little sign that the blood-letting will end any time soon. Much as in Europe and the US, fixed income positions have been taking a battering in Japan, point out recruiters. “Morgan Stanley and Merrill Lynch have both made a lot [...]

By Nic Paton, March 10 2008 • 0 Comments