Fixed income and investment banking heads appointed at Daiwa

Daiwa Capital markets has appointed Christopher Brown and Antony Baldwin, alongside Tatsuji Nagano, as head of investment banking and joint-heads of fixed income respectively.

Daiwa Capital markets has appointed Christopher Brown and Antony Baldwin, alongside Tatsuji Nagano, as head of investment banking and joint-heads of fixed income respectively.

Having increased his seniority at Daiwa for the past 13 years, Brown was recently responsible for the growth of Daiwa Capital Markets Europe’s Asian fixed income product. The firm’s debt syndication department will move with Brown to the Investment Banking Division, alongside Daiwa’s Equity Capital Markets division and its Debt Capital Markets (DCM) business - both of which will continue to be headed by the longstanding managing directors Vince Purton and Yoshihiko Kiji.

Brown replaces Hiroki Ikeda, who was recently appointed chief operating officer of Daiwa Capital Markets Europe.

Daiwa Capital Markets Europe’s CEO, Keith Meekins, commented, “Daiwa continues to be a leading player in the Samurai bond market, a major force in non-core currency underwriting and has been responsible for some of the most notable deals in the USD benchmark space during recent years. I wish Christopher every success in his new role that will see us consolidate our primary market position.”

Brown is replaced as head of fixed income by current managing director and deputy head of fixed income, Antony Baldwin. Having joined Daiwa in 1994, he has previously run the firm’s funding and repo businesses, and currently represents the European Repo Council on the Bank of England’s Securities Lending and Repo Committee. At Daiwa, he has recently been responsible for developing its electronic trading capability.

Baldwin is joined by Tatsuji Nagano as joint-head of fixed income, current head of international fixed income Sales in daiwa’s Tokyo office. Prior to joining Daiwa, Nagano held senior positions at Merill Lynch’s Tokyo-based credit sales businesses and JP Morgan.

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