Citigroup is hiring seven bankers in Japan in anticipation that more companies will make cross-border acquisitions and restructure, two people with knowledge of the situation said.
Bloomberg reports that the recruits include two senior and five junior staff, said the people, who asked not to be named as the information is private. Masao Yoshikawa will join Citigroup as managing director and head of Japan M&A on November 1st, according to an internal memo.
The three partners own a majority stake in the Paris-based firm backed by Sycomore Asset Management, according to a statement by the new firm. Sycomore Corporate Finance has a team of about 10 investment bankers and a network of partners abroad.
Reuters reports that U.S. investment bank Jefferies Group Inc is to start up an energy hub in Singapore after it got a capital markets services license for futures trading from the island state's government.
Finally, Bloomberg reports that Morgan Stanley has named Travis Machen as co-head of its North American bank group, which advises depository institutions on mergers and acquisitions and helps them issue stocks and bonds.
Machen will head the group alongside Grant Gregory, who was put in charge of the unit last year, according to a memo obtained by Bloomberg News.