Global banks bolster Japan debt teams as bond issuance booms
The boom in fundraising is being driven by mergers, acquisitions, and artificial intelligence capital.
Major banks are strengthening their Japanese debt capital markets teams as bond issuance surges due to a surge in mergers, acquisitions, and artificial intelligence capital. In July, Goldman Sachs Securities brought on board Dai Kitatani, a former Citigroup Global Markets Japan leader, as head of DCM operations. UBS Securities also hired Takehiro Sakuramoto, a former Goldman Sachs banker, as its first dedicated DCM head in four years.
This comes after the DCM head role at UBS had been shared by a banker covering financial institutions for the past four years. Sakuramoto's appointment signifies the return of a dedicated DCM head as the firm intensifies its focus on debt capital markets.
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