18 December 2017
visit www.avoka.com

Mizuho snaps up Lehman e-trading team - Bloomberg

10 November 2008  |  6908 views  |  0 Mizuho bank logo web screen shot logo

Japanese bank Mizuho Financial Group is set to start electronic trading in Asia after snapping up a team of 16 former Lehman Brothers employees, according to a report from Bloomberg.

Citing two executives familiar with the plan, Bloomberg says the new team will be led by Lehman's former head of electronic trading sales in Asia, Anthony Brooker. The team, which started last week, also includes senior trader Nobuo Wazaki.

Brooker and his team will now help Mizuho take on Nomura as it bids to lure e-trading clients like hedge funds. He chose not to join Nomura after it bought bankrupt Lehman operations in Asia Pacific, Europe and the Middle East.

At the time of its acquisition of Lehman's Asia Pacific franchise, Nomura highlighted the fact its new buy was a "strong player" in electronic trading.

Over 100 Lehman staff in Asia have left for firms like Barclays and Merrill Lynch, rather than work for Nomura, says Bloomberg.

Mizuho Said to Hire EX-Lehman Electronic Trading Team - Bloomberg

 

 

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Computer programmer files $5m suit against Lehman

Computer programmer files $5m suit against Lehman

06 November 2008  |  5747 views  |  0 comments
LSE appoints CEO for Baikal project

LSE appoints CEO for Baikal project

30 October 2008  |  9535 views  |  0 comments
Nomura to buy Lehman Indian BPO operations

Nomura to buy Lehman Indian BPO operations

06 October 2008  |  8740 views  |  0 comments
Misys reports Mizuho implementation

Misys reports Mizuho implementation

24 September 2008  |  5167 views  |  0 comments
North American securities industry IT spending to plummet

North American securities industry IT spending to plummet

19 September 2008  |  14314 views  |  0 comments
Credit crunch sparks tech crunch as bank buy-outs escalate

Credit crunch sparks tech crunch as bank buy-outs escalate

18 September 2008  |  11524 views  |  0 comments
Lehman bankruptcy and Merrill buy-out shrinks industry IT budget

Lehman bankruptcy and Merrill buy-out shrinks industry IT budget

17 September 2008  |  11510 views  |  0 comments
Mizuho sues TSE over 'fat finger' trade botch-up

Mizuho sues TSE over 'fat finger' trade botch-up

27 October 2006  |  9647 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11276 views comments | 3 tweets | 3 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10247 views comments | 21 tweets | 24 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7790 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7494 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7431 views comments | 6 tweets | 26 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job