Assuming the title of managing director, Shibata will start his new job on November 17. He was most recently head of MA and co-head of corporate coverage at Lehman in Tokyo. When the US investment bankÆs Asia-Pacific operations were taken over by Nomura at the end of September following its bankruptcy filing, Shibata chose not to stay with the firm. And he wasnÆt alone.
Two weeks ago about 100 former Lehman employees within the equity sales and research departments in Japan moved to Barclays, which took the opportunity...
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