So you want to work for a Japanese bank on Wall Street? The good news is: they're hiring. The bad news is Japanese banks have a reputation for hiring one year and retreating the next. For the moment, however, it's all go.
Some of the hires are juniors: MUFG plans to add around 945 people this spring, with Mizuho aiming to add 700 new graduates (down from 1,365 last year).
It's the senior hires that are most interesting though: Nomura added 12 MDs and 3 EDs for its investment banking business in the U.S. in 2017 and has continued to recruit this year. In January, for example, Nomura hired Samuel Evans from Sagamore Capital Advisors as a senior relationship manager, Eric Jacobs from RBC as an MD in the M&A group; and John Sheldon as an MD covering the beverage industry from a beverage-focused boutique. Nomura also brought on Charlie McElligott from RBC as a cross-asset strategist.
MUFG has also been busy adding client-facing bankers. Regina Bruni just joined from JPM as a director of trade finance in the transaction banking group. In March, Maureen Sullivan joined from HSBC as an MD and head of supply chain finance for the Americas. So did Sandy Salgado, who came from BBVA to run the Latin America corporate banking (LACB) group based in New York. This year's hires come after MUFG hired Robert Danziger, formerly of Citi, to run investment-grade acquisition and syndicated finance in the Americas last December.
Mizuho has also been busy. This month, it added equities sales-trader Craig Giordano, previously MD of institutional sales-trading at Sanford C. Bernstein, as the head of U.S. cash sales-trading. In January, Mizuho hired Adam Siegel from Credit Agricole as an MD of derivatives risk solutions. In the dying days of 2017, Mizuho also scooped-up Jonathan Yellen from Morgan Stanley as the head of power and infrastructure and Americas project finance.
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