Barclays has hired 11 people for Japanese equity sales and trading since July and plans to add about four more by the end of the year amid a resurgence in the world’s second-largest stock market.
Bloomberg News reports that “investors’ appetite for Japanese stocks remains strong even after the Abenomics boom calmed down,” Yasuhiro Ishibashi, head of equities at Barclays Securities Japan, said in an interview in Tokyo this month. He took the post in July, replacing Kazutoshi Ohkubo, who left the firm earlier this year.
Ishibashi was referring to the economic stimulus policies of Prime Minister Shinzo Abe that led the Nikkei 225 Stock Average to gain more than 80% over the past two years. The 42-year-old executive has been hiring in Tokyo even as Barclays cuts thousands of jobs worldwide.
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