Daiwa makes senior hires in Asian equity sales
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Daiwa Capital Markets Europe Limited
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24 March 2011
Daiwa Capital Markets (Daiwa), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, has hired Ali Khan as Managing Director and Head of Asian Equity Sales, based in London. Khan joins the firm from Deutsche Bank where, for the past four years, he was Head of Indian Equity Sales, Europe.
Prior to this Khan worked for four years as Head of Indian Equity Sales, for Kotak Mahindra, the Indian brokerage that operated a joint venture with Goldman Sachs during this time. Khan has also worked as Head of Equity Sales for BZW Securities both in London and Mumbai, and has held senior positions at BNP and CLSA. He has been covering the Indian capital markets since 1994 and, as such, is one of the most experienced sales heads in London for the Indian sub-continent.
Last year Daiwa announced plans to build its non-Japan Asia business across product lines and Khan's hire is an integral part of this build out for its Equity business. He will be running a team strengthened by the arrival of Alex Lewis at Daiwa, another recently hired Managing Director on the Asian Equity Sales desk. Lewis joined Daiwa at the end of January from Marble Bar Asset Management where he was Chief Investment Officer of the Pan Asia Fund. Previously Lewis worked as Head of Asian Hedge Fund Sales for ABN Amro and, between 1998 and 2004, as Head of Asia Sales for Lehman Brothers.
In his new position at Daiwa, Khan reports to Meurig Williams, Managing Director and Regional Head of Equity, Europe and the Middle East, and will be tasked with building one of the leading Asian equity sales desks in the City.
Williams commented: "I am delighted to welcome Ali and Alex to Daiwa – these are important hires for the firm as we look to build our Asian equity presence. Both have exceptional track records as Asian equity specialists and are an ideal fit for the team."
Note to editors:
Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than 4,000 employees worldwide and provides integrated financial services including brokerage, derivatives, capital raising, IPOs, M&A and other creative financial solutions to clients through a network of more than 20 offices across Asia, the Middle East, Europe, North America. Corporate finance and M&A advisory services are provided in Europe through DC Advisory Partners (www.dcadvisorypartners.com), a wholly owned subsidiary of Daiwa Capital Markets Europe Limited.
Daiwa Securities Group (www.daiwa-grp.jp/english) is one of the largest brokerage and banking groups in Japan and employs approximately 16,000 professionals worldwide providing comprehensive financial services, including retail brokerage, investment banking and asset management. Daiwa Securities Group has been in continuous operation in the financial services industry since 1902.