People News: Morgan Stanley, Mizuho

Morgan Stanley picked its global head of metals and mining, Richard Tory, to lead investment banking operations in Canada.

Bloomberg News reports that Tory has moved to Toronto from London for the job, which he’ll do in addition to his role on the metals and mining team, according to a memo obtained by Bloomberg and confirmed by a spokeswoman. Tory moved to Canada in June after being chosen for the role in February, according to a person familiar with the matter who asked not to be identified as the information is private.

In the meantime, Bloomberg also reports that Mizuho Financial Group pressed ahead with its plans to strengthen its equity business in Japan with the hiring of former UBS veteran Hiroshi Udagawa.

Udagawa, who worked for UBS for about 17 years, joined Mizuho Securities earlier this month as deputy head of its equities division, Hiroki Saigusa, a Tokyo-based spokesman for the Japanese brokerage, said by phone.

Morgan Stanley Names Tory Head of Canada Investment Banking

Mizuho Bolsters Japan Equities With Hire of UBS Veteran Udagawa

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