Barclays Capital Bulks Up Asian-Pacific Foreign-Exchange Team Published: Tuesday, 28 Jul 2009 SINGAPORE -- Barclays Capital, the investment banking arm of Barclays Bank PLC, continued its moves to bulk up its foreign-exchange business in the region with five newly created hires, including a Singapore-based Asia-Pacific sales head and several Japan appointments. Barclays Capital said it is appointing Ivan Ferraroni, formerly Royal Bank of Scotland's Tokyo foreign-exchange head of sales and trading, as head of Asia Pacific foreign-exchange bank sales. Barclays Capital is among the few investment banks in the region that has been on a hiring spree at a time when these banks are struggling to retain talent amid onerous restrictions on pay and risk-taking, The investment bank, which acquired the U.S. business of the bankrupt Lehman Brothers in 2008, hired around 100 Tokyo-based from Lehman earlier in the year. Mr. Ferraroni, who will be based in Barclays' regional hub of Singapore, will be responsible for the "delivery of the full suite of FX flow and derivative products to bank clients in the Asia Pacific region," the investment bank said. Barclays Capital said Tuesday that three of its five newly created foreign-exchange hires are in Japan. Eric Schatz, formerly Barclays Capital's head of real money foreign-exchange sales for the Americas, has relocated from the firm's New York office to Tokyo to be head of foreign exchange for Japan. Toshimasa Fujii has joined the firm in Tokyo as a director for foreign-exchange sales. Prior to the appointment, he was head of foreign-exchange trading firm Currenex's Japanese business, Barclays said. Naomi Koyama, director for Bank of America Merrill Lynch's foreign-exchange sales in Japan, will join Barclays Capital next month. Barclays Capital also said it has hired Gaurav Tholia in Singapore as vice-president in charge of foreign-exchange derivatives sales to banks and private banks in Asia excluding Japan. Before this, he was at J.P. Morgan Chase & Co. http://online.wsj.com/article/SB124875874237685991.html#printMode
