Tim Reed, Asian head of derivatives at Commerzbank Securities in Tokyo, has joined Merrill Lynch in Tokyo as a director and senior proprietary trader. Takayuki Inoue, spokesman at Merrill in Tokyo, confirmed the move. Reed could not be reached by press time.
Commerzbank has been winding down its operation in Japan and Reed left during that process (DW, 1/14). He now reports to Ajay Gupta, head of equity-linked products in Tokyo.
