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Barclays Hires 100 in Japan to Expand Asian Equity Business

By Takahiko Hyuga

Oct. 21 (Bloomberg) -- Barclays Plc hired about 100 people, mainly from Lehman Brothers Holdings Inc. in Japan, to expand its equity business in Asia.

Among those hired from Lehman are Kazutoshi Ohkubo and Koichiro Chiwata, who will serve as managing directors, Barclays Capital Japan Ltd. said in a statement e-mailed to Bloomberg News.

Nomura Holdings Inc., which took over Lehman's employees in Asia, the Middle East and Europe after the Wall Street firm filed for bankruptcy last month, will lose about 100 of the 170 workers in Lehman's Japanese equity department, mainly to Barclays, three people familiar with the matter said on Oct. 8.

To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net

Last Updated: October 20, 2008 20:44 EDT

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