Daiwa Capital MD Alok Vajpeyi puts in papers

Alok Vajpeyi, managing director and senior head of equities of Daiwa Capital Markets, is moving out of the Japanese firm after an eight-month stint. In May 2011, Vajpeyi joined Daiwa, Japan's second largest brokerage, from Dawnay Day AV, where he was the vice chairman and managing director. When contacted, Vajpeyi declined to talk about his future plans. Recently, Daiwa S ecurities asked 18 executives from its domestic investment banking, research, and sales divisions to leave.