Tatsuya Takeda, v.p. in the e-markets group at JPMorgan in Tokyo, has joined Nikko Salomon Smith Barney in a new position as a director of structured solutions in the fixed income group. He will be responsible for marketing exotic interest-rate derivative structures, according to an official at the firm. Takeda, who starts next week, reports to Ikuo Morimoto, head of fixed income in Tokyo. The official said the firm is looking to expand its presence in the structured products market because of increased demand, declining to elaborate. Morimoto declined comment.
Prior to Takeda's role in the e-markets group he was the Japanese head of LabMorgan, JPMorgan's e-finance incubator. LabMorgan was integrated into the e-markets group last year. Before working in e-commerce, Takeda was a fixed-income derivatives marketer at JPMorgan in Tokyo. Takeda could not be reached for comment.