Takumi Tanaka has joined Barclays Capital Japan as a managing director and head of its financial sponsors group.
Previously, Tanaka spent four years as a managing director at Lehman Brothers Japan and head of its financial sponsors group.
Based in Tokyo, he will be responsible for the advisory business, private equity clients and coverage of portfolio companies, according to a statement.
Masaya Kubota has also joined Barclays’ financial sponsors group in Japan as a director.
He, too, was formerly with Lehman Brothers Japan, where he was a senior vice president. In his new role, Kubota will be in charge of the coverage of private equity and other clients, the firm said.
“This is a strategic build out where Barclays is investing in areas it believes it can grow. We hope to become one of the top-tier investment banks in Japan in 3 to 5 years time,” Eiji Nakai, president and chief executive officer of Barclays Capital Japan, said in an interview.
In direct contrast, most banks and firms are reducing the head count of their leverage finance teams or shutting down leverage finance operations.
Financial service firm ING trimmed a “few” people from its Asian leverage finance business while The Carlyle Group shuttered its Asian leveraged finance group in November 2008.