Canada's TD Securities has hired Kazuo Anzai, sales manager at Prudential Investment Management in Tokyo, in a new role as a marketer in the credit products group in Tokyo as part of its plans to boost its credit derivatives sales effort in the region. "2003 is the year of highly-structured products in Japan," said Katsumi Mizutani, head of structured credit derivatives in Tokyo. Mizutani explained that with the growing interest in Japanese institutions for credit derivatives, TD is looking to increase its distribution capabilities in Japan by adding two or three additional marketers this year. TD facilitates trading for Japan out of its London hub.
Mizutani said Anzai will handle products such as asset-backed securities, credit-linked notes and synthetic collateralized debt obligations.
At Prudential, Anzai reported to Masahiko Sasaki, president in Tokyo. Sasaki said Anzai's duties will be handled by the existing team.