Management appointments at Daiwa
03 August 2010 London
Image: Shutterstock
Daiwa Capital Markets, the investment banking arm of leading Japanese brokerage Daiwa Securities Group, recently appointed Chris Brown as its Deputy Head of Fixed Income for Europe & the Middle East, a newly created role. In addition, the firm announced the appointment of Vince Purton as Head of Debt Capital Markets (DCM) for the region. The appointments are an integral part of Daiwa's strategy to strengthen management within these markets and follow on from the appointment of new Heads of Fixed Income for Korea and India last week.
Brown takes up the London-based role following close to 10 years with Daiwa, most recently in Singapore as Managing Director, where he successfully oversaw the growth of its Asian fixed income franchise across product lines. Prior to joining Daiwa, Brown worked at Sakura Finance as Head of Sales and his experience includes senior positions at Paine Webber and NatWest Capital Markets. As part of his role Brown will also manage the firm's syndicate desk, following the departure of previous desk head Stephen Apted. Brown reports to Keith Meekins, Head of Fixed Income and a member of Daiwa Europe's Executive Committee.
Purton, who is also based in London, steps up following the resignation of Sam Amalou, previously head of DCM. Purton, who was already a Managing Director within DCM, has been with Daiwa for more than 20 years and will continue to strengthen Daiwa's origination capabilities whilst working in close co-operation with Brown. In his new position he reports to Wilfried Schmidt, Executive Officer and Vice Chairman of Daiwa Europe.
Junichi Arihara, President and COO of Daiwa Europe, comments: "As we look to expand our market leading services across Fixed Income and DCM it is important that these two businesses continue to be strengthened with new hires and supportive management. I am confident that both Chris and Vince will excel in their new roles and wish them every continued success."
Daiwa is the leading player in the Samurai bond market, a major force in non core currency underwriting and has been responsible for some of the most notable deals in the USD global markets this year. The firm currently holds Euroweek magazine's coveted 'Best Lead Manager of Yen Bonds' award, an accolade it has now won for an unprecedented four years. Daiwa has been expanding its global Fixed Income and DCM operations in recent months and last week named Jung Insuk, formerly of Shinhan Investment Corporation, as head of Fixed Income in Korea and Ajay Marwaha, formerly of Nomura, as Head of Indian Fixed Income (for the full press release click here).
Brown takes up the London-based role following close to 10 years with Daiwa, most recently in Singapore as Managing Director, where he successfully oversaw the growth of its Asian fixed income franchise across product lines. Prior to joining Daiwa, Brown worked at Sakura Finance as Head of Sales and his experience includes senior positions at Paine Webber and NatWest Capital Markets. As part of his role Brown will also manage the firm's syndicate desk, following the departure of previous desk head Stephen Apted. Brown reports to Keith Meekins, Head of Fixed Income and a member of Daiwa Europe's Executive Committee.
Purton, who is also based in London, steps up following the resignation of Sam Amalou, previously head of DCM. Purton, who was already a Managing Director within DCM, has been with Daiwa for more than 20 years and will continue to strengthen Daiwa's origination capabilities whilst working in close co-operation with Brown. In his new position he reports to Wilfried Schmidt, Executive Officer and Vice Chairman of Daiwa Europe.
Junichi Arihara, President and COO of Daiwa Europe, comments: "As we look to expand our market leading services across Fixed Income and DCM it is important that these two businesses continue to be strengthened with new hires and supportive management. I am confident that both Chris and Vince will excel in their new roles and wish them every continued success."
Daiwa is the leading player in the Samurai bond market, a major force in non core currency underwriting and has been responsible for some of the most notable deals in the USD global markets this year. The firm currently holds Euroweek magazine's coveted 'Best Lead Manager of Yen Bonds' award, an accolade it has now won for an unprecedented four years. Daiwa has been expanding its global Fixed Income and DCM operations in recent months and last week named Jung Insuk, formerly of Shinhan Investment Corporation, as head of Fixed Income in Korea and Ajay Marwaha, formerly of Nomura, as Head of Indian Fixed Income (for the full press release click here).
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