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Barclays’ African investment bank has said it’s hiring more staff as it expands across the continent and sees a pick up in advisory work.

'Corporate banking is going nicely but slowly and investment banking is doing very nicely', Stephen van Coller, chief executive officer of the unit, said in an interview in Johannesburg on June 27.

Bloomberg News reports that investment banking was helped after markets stabilized in the second quarter, said Van Coller, who took over the unit in 2010 and manages more than 2,500 staff in South Africa and 10 other countries on the continent.

In the meantime, Bloomberg also reports that as banks scale back in their fixed-income businesses, Societe Generale is hiring for a new group that trades U.S. government-backed mortgage bonds.

The bank added four traders, hiring from Goldman Sachs, BNP Paribas and Royal Bank of Canada for the New York team this year, after recruiting former UBS mortgage-securities executive Brian Cohane in October to manage the desk, said Tae Park, who was tapped to create the group after making bond investments for the firm. It will next bring on dedicated salesmen, with some already identified, he said.

Barclays Investment Bank Hires in Africa as Merger Pace Picks Up

Societe Generale Hiring Spree for U.S. Mortgage-Bond Team

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