Latest news with #JanMetzger
Yahoo
3 days ago
- Business
- Yahoo
Citigroup plans 15% increase in Japan investment banking workforce
Citigroup has announced plans to increase its investment banking workforce in Japan by 10% to 15% within the next year, alongside new recruitment efforts in Australia, reported Reuters. This initiative is part of the bank's strategy to enhance its growth in the Asia Pacific region, according to Jan Metzger, Citi's head of investment banking for Asia Pacific. The bank has experienced a significant increase in investment banking fees in Japan, which rose by 140% to $92m as of 10 July 2025, compared to the same period last year, as reported by Dealogic. Metzger was quoted by the news agency as saying, "We are hiring and strengthening our regional investment banking team in a very meaningful way. "We're going to be in the market that's growing phenomenally and we're going to be growing faster than the market." Recently, Citi provided exclusive advisory services to Nippon Steel for its $14.9bn acquisition of U.S. Steel. Metzger noted, "I think off the back of the Nippon Steel deal, our phones are really ringing off the hook with clients that have complicated geopolitical deals to do, both from Japan and elsewhere." Citi has strengthened its investment banking team in Asia this year by hiring senior bankers from competing firms, including Akira Kiyota from Nomura in Japan and Philippe Perzi, a former Goldman Sachs executive, in Australia. The bank reported a 13% increase in global investment banking fees for the second quarter. Additionally, the bank is focusing on convertible bond issuances, which have surged over the past year. Recently, Citi assisted Alibaba in raising HK$12bn ($1.5bn) through an exchangeable bond offering. Recently, HANetf, a European provider of white-label ETFs and ETCs, received a minority equity investment from Citi in HANetf Holdings Limited. "Citigroup plans 15% increase in Japan investment banking workforce" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Mint
5 days ago
- Business
- Mint
Citi to boost Japan investment banking headcount up to 15%, executive says
Citi to beef up regional investment banking team Plans 10%-15% boost in Japan headcount, new hires in Australia Greater uncertainty drives up cross-border, supply chain deals HONG KONG, - Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its top regional banker said. Rising interest in cross-border mergers and acquisitions in Japan has resulted in Citi seeing a 140% rise in its investment banking fees in the country to $92 million as of July 10 compared to the same period last year, Dealogic data shows. "We are hiring and strengthening our regional investment banking team in a very meaningful way," Jan Metzger, Citi's Asia Pacific head of investment banking, told Reuters. "We're going to be in the market that's growing phenomenally and we're going to be growing faster than the market," Metzger said. The U.S.-headquartered bank did not disclose specific staff numbers for each market. Japan's investment banking business, in particular, will "meaningfully grow" due to a shift in corporate governance, a regulatory nudge to corporates to improve market value, and strong supply of advanced hardware technologies, Metzger said. In Japan, Citi exclusively advised Nippon Steel on its $14.9 billion acquisition of U.S. Steel last month. "I think off the back of the Nippon Steel deal, our phones are really ringing off the hook with clients that have complicated geopolitical deals to do, both from Japan and elsewhere," Metzger said. Citi has beefed up its investment banking team in Asia this year by recruiting senior bankers from rivals, including senior managing director Akira Kiyota from Nomura in Japan and former Goldman Sachs veteran Philippe Perzi in Australia. On Tuesday, Citi reported a 13% rise in global investment banking fees in the second quarter. Dealmaking in the U.S. and some markets stalled shortly after Trump unleashed hefty tariff hikes earlier this year, which weighed on economic growth. However, Metzger said he is seeing greater uncertainty driving up supply chain deals. Japan is leading Asia's M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by take-private arrangements, outbound investments and private equity activity. Meanwhile, as volume and number of international deals climb in Australia, global banks now have an edge over local boutiques in a highly competitive market, according to Metzger. Having a "full banking offering" in the market helps Citi better compete with its advisory-focused competitors in Australia, he said. Besides deals advisory, another regional focus for the bank is convertible bond issuances, which have leapt over the past year. The bank helped Alibaba raise HK$12 billion via an exchangeable bond offering earlier this month. Investors have flocked to convertible bonds from Chinese tech companies, viewing them as undervalued assets offering downside protection through the bond component to hedge geopolitical risks, Metzger said. This article was generated from an automated news agency feed without modifications to text.
Reuters
5 days ago
- Business
- Reuters
Citi to boost Japan investment banking headcount up to 15%, executive says
HONG KONG, July 16 (Reuters) - Citigroup (C.N), opens new tab plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its top regional banker said. Rising interest in cross-border mergers and acquisitions (M&A) in Japan has resulted in Citi seeing a 140% rise in its investment banking fees in the country to $92 million as of July 10 compared to the same period last year, Dealogic data shows. "We are hiring and strengthening our regional investment banking team in a very meaningful way," Jan Metzger, Citi's Asia Pacific head of investment banking, told Reuters. "We're going to be in the market that's growing phenomenally and we're going to be growing faster than the market," Metzger said. The U.S.-headquartered bank did not disclose specific staff numbers for each market. Japan's investment banking business, in particular, will "meaningfully grow" due to a shift in corporate governance, a regulatory nudge to corporates to improve market value, and strong supply of advanced hardware technologies, Metzger said. In Japan, Citi exclusively advised Nippon Steel on its $14.9 billion acquisition of U.S. Steel last month. "I think off the back of the Nippon Steel deal, our phones are really ringing off the hook with clients that have complicated geopolitical deals to do, both from Japan and elsewhere," Metzger said. Citi has beefed up its investment banking team in Asia this year by recruiting senior bankers from rivals, including senior managing director Akira Kiyota from Nomura in Japan and former Goldman Sachs veteran Philippe Perzi in Australia. On Tuesday, Citi reported a 13% rise in global investment banking fees in the second quarter. Dealmaking in the U.S. and some markets stalled shortly after Trump unleashed hefty tariff hikes earlier this year, which weighed on economic growth. However, Metzger said he is seeing greater uncertainty driving up supply chain deals. Japan is leading Asia's M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by take-private arrangements, outbound investments and private equity activity. Meanwhile, as volume and number of international deals climb in Australia, global banks now have an edge over local boutiques in a highly competitive market, according to Metzger. Having a "full banking offering" in the market helps Citi better compete with its advisory-focused competitors in Australia, he said. Besides deals advisory, another regional focus for the bank is convertible bond issuances, which have leapt over the past year. The bank helped Alibaba ( opens new tab raise HK$12 billion ($1.5 billion) via an exchangeable bond offering earlier this month. Investors have flocked to convertible bonds from Chinese tech companies, viewing them as undervalued assets offering downside protection through the bond component to hedge geopolitical risks, Metzger said.
Zawya
5 days ago
- Business
- Zawya
Citi to boost Japan investment banking headcount up to 15%, executive says
HONG KONG: Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its top regional banker said. Rising interest in cross-border mergers and acquisitions (M&A) in Japan has resulted in Citi seeing a 140% rise in its investment banking fees in the country to $92 million as of July 10 compared to the same period last year, Dealogic data shows. "We are hiring and strengthening our regional investment banking team in a very meaningful way," Jan Metzger, Citi's Asia Pacific head of investment banking, told Reuters. "We're going to be in the market that's growing phenomenally and we're going to be growing faster than the market," Metzger said. The U.S.-headquartered bank did not disclose specific staff numbers for each market. Japan's investment banking business, in particular, will "meaningfully grow" due to a shift in corporate governance, a regulatory nudge to corporates to improve market value, and strong supply of advanced hardware technologies, Metzger said. In Japan, Citi exclusively advised Nippon Steel on its $14.9 billion acquisition of U.S. Steel last month. "I think off the back of the Nippon Steel deal, our phones are really ringing off the hook with clients that have complicated geopolitical deals to do, both from Japan and elsewhere," Metzger said. Citi has beefed up its investment banking team in Asia this year by recruiting senior bankers from rivals, including senior managing director Akira Kiyota from Nomura in Japan and former Goldman Sachs veteran Philippe Perzi in Australia. On Tuesday, Citi reported a 13% rise in global investment banking fees in the second quarter. DRIVING UP DEALS Dealmaking in the U.S. and some markets stalled shortly after Trump unleashed hefty tariff hikes earlier this year, which weighed on economic growth. However, Metzger said he is seeing greater uncertainty driving up supply chain deals. Japan is leading Asia's M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by take-private arrangements, outbound investments and private equity activity. Meanwhile, as volume and number of international deals climb in Australia, global banks now have an edge over local boutiques in a highly competitive market, according to Metzger. Having a "full banking offering" in the market helps Citi better compete with its advisory-focused competitors in Australia, he said. Besides deals advisory, another regional focus for the bank is convertible bond issuances, which have leapt over the past year. The bank helped Alibaba raise HK$12 billion ($1.5 billion) via an exchangeable bond offering earlier this month. Investors have flocked to convertible bonds from Chinese tech companies, viewing them as undervalued assets offering downside protection through the bond component to hedge geopolitical risks, Metzger said. (Reporting by Selena Li; Editing by Sumeet Chatterjee and Jacqueline Wong)
Business Times
5 days ago
- Business
- Business Times
Citi to boost Japan investment banking headcount up to 15%, executive says
[HONG KONG] Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its top regional banker said. Rising interest in cross-border mergers and acquisitions (M&A) in Japan has resulted in Citi seeing a 140 per cent rise in its investment banking fees in the country to US$92 million as at Jul 10, compared to the same period last year, Dealogic data shows. 'We are hiring and strengthening our regional investment banking team in a very meaningful way,' Jan Metzger, Citi's Asia-Pacific head of investment banking, said. 'We are going to be in the market that's growing phenomenally and we are going to be growing faster than the market,' Metzger said. The US-headquartered bank did not disclose specific staff numbers for each market. Japan's investment banking business, in particular, will 'meaningfully grow' due to a shift in corporate governance, a regulatory nudge to corporates to improve market value, and strong supply of advanced hardware technologies, Metzger said. In Japan, Citi exclusively advised Nippon Steel on its US$14.9 billion acquisition of US Steel last month. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'I think off the back of the Nippon Steel deal, our phones are really ringing off the hook with clients that have complicated geopolitical deals to do, both from Japan and elsewhere,' Metzger said. Citi has beefed up its investment banking team in Asia this year by recruiting senior bankers from rivals, including senior managing director Akira Kiyota from Nomura in Japan and former Goldman Sachs veteran Philippe Perzi in Australia. On Tuesday, Citi reported a 13 per cent rise in global investment banking fees in the second quarter. Driving up deals Dealmaking in the US and some markets stalled shortly after Trump unleashed hefty tariff hikes earlier this year, which weighed on economic growth. However, Metzger said he is seeing greater uncertainty driving up supply chain deals. Japan is leading Asia's M&A rebound in 2025 with a record US$232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by take-private arrangements, outbound investments and private equity activity. Meanwhile, as volume and number of international deals climb in Australia, global banks now have an edge over local boutiques in a highly competitive market, according to Metzger. Having a 'full banking offering' in the market helps Citi better compete with its advisory-focused competitors in Australia, he said. Besides deals advisory, another regional focus for the bank is convertible bond issuances, which have leapt over the past year. The bank helped Alibaba raise HK$12 billion (S$2 billion) via an exchangeable bond offering earlier this month. Investors have flocked to convertible bonds from Chinese tech companies, viewing them as undervalued assets offering downside protection through the bond component to hedge geopolitical risks, Metzger said. REUTERS
