China’s Haitong Securities plans to hire hundreds of bankers across Europe and the Americas to double the size of the Banco Espírito Santo de Investimento operation that it acquired last year.
Outlining plans to turn Haitong into “a world leading investment bank”, Hiroki Miyazato, its deputy chief executive, said in an interview with the Financial Times that BESI was a “platform” for both organic growth and further acquisitions.
“We are studying the business models of other leading investment banks and they have 40 to 50 per cent [of revenues] coming from international [activities],” said Mr Miyazato who was speaking at BESI’s office inside the London Stock Exchange.
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