Dresdner recruits derivatives marketers from JP Morgan Chase in Tokyo

German investment bank Dresdner Kleinwort Wasserstein (DrKW) has recruited two JP Morgan Chase officials to fill vacant positions in its fixed-income derivatives team in Tokyo.

DrKW named Mitsuhide Shigihara as vice-president in fixed-income derivatives marketing, where he will market structured and exotic swaps and notes to Japanese institutions – a role similar to the one he had at JP Morgan Chase. He started work for the bank on May 27.

Satoru Komaya joined DrKW on June 3 and will focus on marketing a broad range of derivatives products to Japanese insurance companies, said a DrKW official. Komaya has nine years' experience in the insurance sector, having worked at Chiyoda Mutual Life Insurance prior to JP Morgan Chase. He was also made a vice-president in DrKW’s fixed-income derivatives marketing division.

DrKW has already made a number of significant additions to its Asian derivatives effort in the past couple of months. The German investment bank hired Jun Harata from CSFB to head interest rate derivatives trading. And it snapped up Hideyuki Uno to head its equity derivatives marketing for Japan and Asia, and Masanori Katagiri to head equity derivatives structuring for Japan. Both previously worked for Morgan Stanley.

The equity and fixed-income derivatives teams will work closely together under the direction of Jean-Francois Minier, head of capital markets, in DrKW’s efforts to offer combined financial solutions to clients.