Lehman Brothers hires head of Japan fixed-income sales

Lehman Brothers has hired Tetsu Serizawa as managing director and head of fixed-income sales in Japan.

Based in Tokyo, Serizawa will manage the distribution of all global fixed-income products including forex, credit and interest rate derivatives and cash instruments, Japanese government bonds and mortgage-related issues to Japanese institutional investors and corporations, said an official at the bank in Tokyo.

He joins from Deutsche Securities, where he held a similar role, and also worked as head of Japan sales in the capital markets division of Bankers Trust in Tokyo.

Serizawa will report to Douglas Ireland, managing director, head of fixed-income sales, Asia, also based in Tokyo.

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