Dresdner Kleinwort Wasserstein has hired a pair of marketers from JPMorgan in Tokyo for its global debt division. Mitsuhide Shigihara, v.p. in fixed-income derivatives marketing, has joined as a director and Satoru Komaya, v.p. in credit marketing, has joined in a similar role. Shigihara said he will focus on marketing structured interest-rate and foreign exchange derivatives to Japanese firms, such as securities houses, while Komaya said he will target insurance companies and trust banks for products including private placement issuances and medium-term notes. Komaya continued that he will also start offering credit derivatives.
The duo report to Paul Morgan, managing director and head of marketing for the global debt division in Tokyo. He said, "They bring excellent product knowledge and strong client relationships to the firm," declining further comment.
The pair worked together at Chase Manhattan Bank in Tokyo long before its merger with JPMorgan, said Shigihara. At JPMorgan, Shigihara reported to Toru Sano, managing director in fixed income sales, while Komaya reported to Hirofumi Yunoki, head of credit sales in Tokyo. Yunoki said that Komaya's responsibilities are being shared by the current team and that no replacement is imminent, declining further comment. Sano did not return calls.