Citigroup, Daiwa Are Latest to Expand Japan Dealmaking Teams

It’s a good time to be an investment banker in Japan, with Citigroup Inc. and Daiwa Securities Group Inc. joining a raft of firms that are seeking to expand their advisory teams during the nation’s dealmaking boom.

Citigroup plans to increase its investment banking division about 30% by the first half of 2026, Japan Vice Chair Masuo Fukuda said in an interview, while declining to give a headcount figure.