JPMorgan hires SMBC’s Ryota Sakagami as chief Japan equity strategist

Photo: Bloomberg

JPMorgan Chase & Co. hired Ryota Sakagami from SMBC Nikko Securities Inc. as its chief Japan equity strategist, filling a position left vacant since Jesper Koll left the U.S. bank last year.

Sakagami joined JPMorgan in Tokyo on Wednesday, the brokerage said in an e-mailed statement to Bloomberg. He was ranked first among strategists in the country from 2014 to 2016, according to a survey by Nikkei Veritas.

Sakagami is at least the third senior recruit by JPMorgan for its Japan stock business in the past year as it tries to boost its ranking for research. Rie Nishihara, a former Bank of Japan official, joined the U.S. bank from Mizuho Securities Co. in May as a senior analyst covering the banking industry.

“With the addition of Sakagami, our research platform will be firmly cemented,” Hisashi Moriyama, head of Japan equity research, said in the statement. “His style of providing valuable investment ideas and strategic directions derived from his own data-driven analysis in a timely manner has been evaluated highly by investors around the world.”

Sakagami also took the top spot for equity strategy in a survey by Institutional Investor magazine in 2015 and 2016. He joined SMBC Nikko in 2011 from Nomura Holdings Inc.

Koll, the former head of equity research at JPMorgan in Tokyo, joined WisdomTree Investments Inc. last year as chief executive officer in Japan. He was hired by the U.S. bank in 2009.

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Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.