Two senior executives at DC Advisory, the European corporate finance business owned by Daiwa Capital Markets, have left the firm or are in the process of leaving, according to a person familiar with the situation.

Henry Wells, a managing director and head of the leisure and retail M&A team at DC Advisory, will leave the firm in January 2014, according to a person familiar with the situation. Wells joined DC Advisory - the successor to Close Brothers Corporate Finance - in 2000 having previously served as a solicitor at corporate law firm Eversheds.