Barclays Is on a Hiring Spree in Japan
- Seeks more than 10 bankers and salesmen after adding 30
- ‘We’re facing a shortage of people,’ Japan chief Kiso says
University students take part in the Mynabi Job Expo, a job fair hosted by Minichi Communications Inc., in Tokyo, Japan, on Saturday, Jan. 8, 2011. Of the 550,000 university students due to graduate next March, the number offered full-time jobs as of October dropped 4.9 percentage points to 57.6 percent from a year earlier, according to Ministry of Education data, the lowest since the surveys began in 1996.
Photographer: Tomohiro Ohsumi/BloombergBarclays Plc is on a hiring spree to boost its investment banking and market operations in Japan, one year after it shut its cash equity business and cut 120 jobs.
The U.K. firm plans to hire more than 10 bankers and sales staff this fiscal year to advise on mergers and sell investment products, Kentaro Kiso, president of Barclays Securities Japan Ltd., said in an interview. Kiso has already added more than 30 people for investment banking and markets in Tokyo since he took the post from Eiji Nakai last July.