RBS establishes Japanese equity derivatives business in Tokyo

The Royal Bank of Scotland (RBS) has launched a Japanese equity derivatives business within RBS Securities Japan, its wholly owned subsidiary in Tokyo, the bank said in a statement.

RBS Securities Japan has recruited a team of five from French bank BNP Paribas to extend its equity derivatives international coverage and support for domestic and international investors in the Japanese market.

Makoto Usami joins the team as head of the equity derivatives sales team in Japan, bringing to the table 18 years of experience in sales of derivatives and structured products garnered at BNP Paribas in Tokyo. He reports locally to Philippe Avril, branch manager and representative in Japan for RBS Securities Japan.

Assisting Usami are Hiroyuki Ogawa and Sanae Takahashi, who join the team as senior equity derivatives salespeople, Yoshiko Kondo as a junior equity derivatives salesperson, and Tadao Tsunoda as a senior equity derivatives trader. Usami's team all previously worked at BNP Paribas.