It's good to be in demand.
Bloomberg News reports that about 100 employees from the Wall Street firm already work at Mitsubishi UFJ Morgan Stanley Securities, Takashi Nagaoka, chief executive officer of the joint venture, said in an interview on August 6, without saying how many more he’d like to tap.
The firm, which has 450 investment-banking staff, is also considering adding 30 to 50 positions to cope with a recent increase in business, Nagaoka said.
The four-year-old venture between Japan’s biggest bank and the U.S. firm is the No. 1 adviser on mergers in the Asian nation this year, after topping the rankings for the first time in 2013. It advised Suntory Holdings Ltd. on its $15.9bn purchase of U.S. distiller Beam Inc., the country’s biggest takeover so far in 2014, as Japanese companies expand abroad to counter a declining population and slow economic growth.
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