Published: July 29, 2010
Japanese firm strengthens Middle East and African operations.
Daiwa Securities, a Japanese brokerage, has made two appointments that it hopes will expand its investment banking operations.
Chris Brown takes up the newly created role of Daiwa Capital Markets’ deputy head of fixed income in Europe and the Middle East, while Vince Purton becomes head of debt capital markets for the same regions.
Brown takes up the London-based role after almost a decade at Daiwa, where recently he was in Singapore overseeing the growth of its Asian fixed income franchise. Prior to joining the firm, he was head of sales at Sakura Finance and also held senior positions at NatWest Capital Markets and US broker Paine Webber.
As part of his role Brown will also manage the firm’s syndicate desk, following the departure of Stephen Apted. Brown reports to Keith Meekins, head of fixed income and a member of Daiwa Europe’s executive committee.
Purton is also based in London and has been with Daiwa for more than 20 years. He has been promoted from a managing director within its debt capital markets division and steps up following the resignation of Sam Amalou.
He will work closely with Brown to generate business for the firm and reports to Wilfried Schmidt, Daiwa Europe’s executive officer and vice chairman.
Daiwa Europe’s president and chief operating officer, Junichi Arihara, says that as the firm looks to grow it is important that these two businesses expand their expertise and he is confident that Brown and Purton will “excel” in their new roles.
These new appointments come a week after the firm named Jung Insuk and Ajay Marwaha as the heads of its fixed income divisions in Korea and India, respectively.