Daiwa hires former Korean deputy finance minister

Daiwa Capital Markets, the investment banking arm of Japan's Daiwa Securities, has appointed Chang-Lok Kim, former deputy minister of finance and economy in Korea, as a senior adviser.

Kim will work closely with Daiwa's senior management to help develop its businesses in the Asian region, as well as the firm's investment banking business line, Daiwa said in an announcement released yesterday.

Mr Kim's depth of expertise and accomplishments in the financial sector, not only in Korea but also across Asia, will bring about significant development of our Asian business, said Takashi Hibino, deputy president of Daiwa Capital Markets.

Kim has three decades of government experience across various financial sectors, including banking, securities and insurance. He...