Mizuho Securities, a Japanese investment bank, has recruited a former RBC Capital Markets and UBS banker to lead its new European hub after Brexit.
Christoph Seibel, most recently head of corporate debt capital markets for Europe, the Middle East and Africa at RBC in London, will relocate to Frankfurt as chief executive of Mizuhos EU operations.
Seibel will take up the newly created role on March 28, pending regulatory approval. He will be responsible for leading the banks securities business.
The Japanese bank received approval for a securities licence in Frankfurt in December, allowing it to operate in the regions markets after the UK has officially exited the bloc.
Mizuho is one of a number of investment banks that have asked senior debt capital markets professionals to move to the continent after Brexit. Firms are relocating bond bankers who originate deals in order to maintain access to clients.
The appointment of Christoph represents a significant milestone in our building out of our Mizuho Emea business, said Suneel Bakhshi, president and chief executive at Mizuho International.
Seibel joined RBC Capital Markets in 2013 from UBS, where he had led its European corporate debt capital markets business.
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