Daiwa SMBC expands derivatives business


Daiwa Securities SMBC is ramping up its financial engineering and derivatives activities across the Asia-Pacific region. It is also expanding its London derivatives division to secure top talent to build its financial risk management infrastructure platform.

The investment banking venture between Daiwa Securities and Sumitomo Mitsui Financial Group will hire an additional 40 across London and Tokyo in the next three months. It poached Dominique Blanchard from Calyon in May to head the new

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