Mizuho Financial Group is expanding its hiring plans for Japan equities to as many as 30 people from 15 as the bank shrugs off global market turmoil to boost its trading and investment banking businesses.
Bloomberg News reports that the bank seeks to hire five or six people for equity sales, trading, research and derivatives in Tokyo, New York or Hong Kong each month until January, said Yohei Osade, global head of Asian equities at Mizuho Securities.
It recruited six people for the division this week, he said in an interview in Tokyo on Thursday.
The hiring plans mark a deeper expansion than Osade sought as recently as a month ago, underscoring his confidence in Japanese stocks after they tumbled as part of the worldwide rout. He expects the nation’s equity market to rebound as companies improve governance, wages rise and Prime Minister Shinzo Abe adds growth policies after the ruling party reconfirms him as its leader this month.
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