Tokyo-Mitsubishi International, the international investment banking arm of Japan’s Bank of Tokyo-Mitsubishi (BTM), has made its New York head of capital markets, Shingo Ninomaru, head of financial derivatives and securitisations in London.He replaces Naoto Hirota, who is relocating back to Japan to work as a manager in BTM’s treasury unit. Hiroyoshi Sakamoto, previously head of derivatives marketing and trading in Asian currencies, will take on Ninomaru’s old role in New York.
Ninomaru told RiskNews his new team comprised around 30 derivatives staff covering flow and exotic derivatives. He added that he was keen to enhance the firm’s credit derivatives coverage and structured securitisation capabilities this year, but has yet to take any concrete decision on the matter.
He described his move as part of the “routine movement” of staff often occuring at Japanese banks.
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