Barclays makes a move into Japanese equities
The UK firm hires about 100 people for the new business, most of whom were previously with the Lehman franchise taken over by Nomura. Meanwhile, Nomura appoints a new head of Asia-Pacific equities.
The announcement last week that Barclays Capital has hired about 100 people, mostly from the former Lehman Brothers franchise now owned by Nomura, and has launched equity sales and research services in Japan, shows that the UK bank is serious about building a global equities platform even as the equity markets are tumbling around it.
So far, Barclays has been primarily focused on fixed income-related products in the areas of financing and risk management, as well as strategic advisory and...
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