Firms On The Hire

Reuters reports that Nikko Cordial Securities, now a unit of Sumitomo Mitsui Financial Group, is to increase its headcount by 1,000 (or 14%) in the next three years. The firm is to beef up trading, research and M&A, and will also be building up its operations outside Japan.

In the meantime, The Wall Street Journal reports that Nomura is looking to hire over 300 people in its equities unit in Europe, Asia and the US in the coming months.

And The Independent on Sunday reports that the retirement of Matthew Greenburgh, the head of Bank of America Merrill Lynch's EMEA financial institutions group, has resulted in the firm reaching out to staff who have quit the unit in recent years and asking them if they want to return. According to the newspaper, Greenburgh 'leaves behind an investment banking unit in disarray'.

The Financial Times reports that Bank of America is also to set out plans this week to expand its corporate banking presence in Europe and Asia, as it attempts to use its balance sheet to help its investment bankers secure corporate mandates.

Finally, Bloomberg reports that Deutsche Bank is to beef up its prime brokerage operations in Asia, as its attempts to pick-up business from a number of new hedge funds established in a region seen as leading the global recovery.

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