Natixis, a France-based corporate and investment bank arm of Groupe BPCE, is reportedly planning to boost staff at its Japanese unit by 50% in a bid to increase revenues from overseas.
Bloomberg quoted Natixis CEO Laurent Mignon saying that the Japanese unit is planning to hire about 20 people this year bringing the total number of staff at the unit to 60.
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"The new hires will support the firm to boost sales of fixed-income and equity products, including derivatives, to local clients through financial institutions in Japan," Mignon added.
In November, Natixis set targets to increase revenue from its main businesses to EUR8 billion (US$11 billion) in 2017 as it focuses on operations including wholesale banking and asset management and recovers from the 2008 global financial crisis, according to the Bloomberg.
The goal involves expanding revenue from overseas to more than half of the total from about 44% a year ago.
"A significant part of the growth will come from developing our international business," the publication further quoted Mignon as saying.
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By GlobalDataFrancois Riahi, head of the bank’s Asia-Pacific investment-banking arm, said that Natixis has already hired nine salespeople in its Tokyo office.
Recently, Natixis has also hired new head of debt capital markets to sell Samurai bonds and uridashi products.
