ImportantC
Explain this story: Citigroup Hires Ex-Nomura Banker Higuchi as Japan M&A Head
Explain like I'm 7
Citigroup hired a new banker named Higuchi to run its deal-making team in Japan. He used to work at another company called Nomura.
Management change · New Japan M&A head hired from NomuraBloomberg.comSector and industry: FinancialsBanks — DiversifiedTell me moreShow less
Explain like I'm 7
Citigroup hired a new banker named Higuchi to run its deal-making team in Japan. He used to work at another company called Nomura.
What happenedFrom the article
- Citigroup appointed Hajime Higuchi as its new head of mergers and acquisitions for Japan.
- Higuchi previously served as international head of at Nomura Holdings Inc.
- The appointment is effective Thursday.
- Citigroup said the move is part of its strategy to enhance its dealmaking presence in Japan.
Why investors careOur explanation
Banks earn fees by advising companies on mergers and acquisitions, deals where companies buy or combine with each other. Hiring an experienced banker with contacts can help a bank win more of these advisory deals, which affects how much fee