Macquarie Veterans Seek Analysts for New Japan Advisory Service
- Tokyo-based Astris Advisory may hire 3-4 researchers this year
- Sees opportunities after MiFID II regulations upended industry
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Former Macquarie Group Ltd. executives are seeking to hire analysts for their nascent equity advisory company in Tokyo, betting that new banking regulations will prompt investors to deal more with independent firms.
Led by Chief Executive Officer David Shirt, Astris Advisory Japan was formed a year ago and now has two analysts, including David Gibson, who covers technology and is also chief investment adviser. The two Macquarie veterans are now looking to hire three to four more researchers by the end of the year, they said in an interview in Tokyo.