Barclays Plc has appointed two former CLSA veterans to lead its return to high-touch stock trading in Japan. Takeo Kamai joined the UK bank's local securities subsidiary as head of high-touch sales trading, and Warren Kim was appointed to the newly established team, according to a statement on Monday. The move follows Bloomberg News reports in June about the hiring plans. Japan's stock market revival has prompted foreign financial firms to expand equity operations there, and Barclays had retreated from high-touch trading in Japan in 2016 as part of an Asia-wide cost-cutting initiative, focusing instead on electronic trading, derivatives sales, and hedge fund services. Paul Johnson, head of equities for Asia-Pacific, said Japan remains a strategic focus for Barclays. Kamai previously led CLSA's execution services in Japan, including high-touch, program, and electronic trading, while Kim oversaw the Chinese firm's offshore sales trading in Japan.
Barclays PLCBarclays hires two CLSA veterans to lead its return to high-touch stock trading in Japan, expanding equity operations amid market revival.
CITIC Securities Co Ltd
Bank of Chongqing Co Ltd
