Bear Stearns has hired Shinichi Kaneko, equity derivatives marketer at Mizuho Securities in Tokyo, in a new role as an equity derivatives product specialist in Tokyo. Bear Stearns has been building up its Tokyo equity desk under Kin Sang Cheung, senior managing director and head of equity derivatives trading in Tokyo, who joined earlier this summer from Lehman Brothers to lead the effort (DW, 7/7). "I have a mandate to build up this business," said Cheung. He declined to comment on additional hiring plans. Kaneko was traveling and could not be reached.
Prior to joining Mizuho, Kaneko worked at Bank of America until it closed its equity operation in Asia (DW, 3/31). "A senior BofA pair is reunited again," said a market official, noting that Kaneko had worked at BofA with Fumio Nashiro, who joined Bear Stearns earlier this year as senior managing director and head of distribution (DW, 3/8).
At Mizuho, Kaneko reported to Paul O'Brien, head of equity derivatives in Tokyo. O'Brien said the existing team has assumed Kaneko's responsibilities, declining further comment.