JP
Sector: Investment Banking / M & A
It’s a rocky road between the back and front office
It’s the career break that many back and middle-office candidates long for, but just how realistic is it for them to shift into a front-office role? While highly sought after, these moves are rare, says Richard King, managing director at Michael Page International. “In exceptional cases extremely bright junior back and middle-office candidates, who have [...]
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 [...]
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 [...]
Multiple offers return to Japan (but not for all candidates)
Multiple job offers are on the increase in some sectors as the market continues to pick up. And it’s less experienced bankers who are benefitting. “In most cases the multiple offers are coming to more junior candidates, as they are more affordable for the companies and it’s easier to get budget approvals for them,” says [...]
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 [...]
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 [...]
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, [...]
Merrill starts to hire again in Japan
Bank of America-Merrill Lynch is getting bullish about hiring in Asia. Jayanti Bajpai, co-head of global corporate and investment banking for the firm in Asia-Pacific, recently told the Financial Times that the bank had turned a corner and was looking forward to expanding its regional operations, while adding that sentiment among clients and potential recruits [...]
Hiring dries up in private equity
If evidence was needed that all is not well in private equity, then look no further than PE firm Unitas’ decision to close its Tokyo office earlier this month and focus on other Asian markets. Add to that a Reuters report that says several of Unitas’ competitors have moved out of Asia altogether and it [...]
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