David Williamson has been appointed to the institutional equity sales desk at Daiwa Securities in Hong Kong. He joins the firm having left Kim Eng Ong Asia, where he had worked for the previous nine months.
Williamson has been in the equity sales business for 17 years. Prior to Kim Eng Ong Asia he was with China Everbright Securities and before that he ran the institutional desk at WI Carr (RIP).
He says that in the week or so he has been with Daiwa he has been very impressed by the "strong vision" the firm has of the market. Although he will be concentrating on selling Hong Kong and China equities to Hong Kong, Chinese and Australian clients, he feels that Daiwa, like many Japanese companies have re-found their appetite for Asian business again. "They have a big view of this market", he notes.
Daiwa's recent participation in a number of recent Asian public offers without listing (POWL) into Japan, such as that for Hopewell Highway, supports this view that a cross border securities business between North Asia and Japan can be a viable and profitable one.