Credit Suisse Hires Three Senior Bankers To Build Japan Advisory
(Bloomberg) -- Credit Suisse Group AG hired three senior bankers in Japan as the Swiss lender bolsters its investment banking business in the Asian nation.
Hiroshi Futagoishi joined from Morgan Stanley to lead the Japan corporate coverage group, reporting to Ryuya Hishinuma, the head of investment banking and capital markets for the country, according to an internal memo seen by Bloomberg. A Hong Kong-based spokeswoman confirmed the contents of the memo.
The bank also hired Tomoro Oikawa from Nomura Securities Co. to lead software and digital technology coverage, and Naoki Shibuya from Mizuho Securities Co. as head of internet and media coverage. Both are new sector teams within the Japan corporate coverage group. Oikawa and Shibuya are directors, reporting to Futagoishi.
Credit Suisse’s Japanese securities arm returned to profit in the year ended March 2020 with income of 2.26 billion yen ($20.7 million), making it the eighth most profitable foreign securities firm in the country. That was even as it earned fewer fees that year from investment banking and other operations.
Futagoishi has almost two decades of experience in mergers and acquisitions, and capital markets transactions. Oikawa most recently covered new economy companies and spent a decade covering financial sponsors in Tokyo and London. Shibuya has 17 years of experience and an equity capital market focus.
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