UBS has deepened its derivatives marketing bench in Japan with the hire of Satoru Matsumoto, v.p. in the derivatives structuring and marketing group at Goldman Sachs in Tokyo, in the new role of executive director in the fixed income sales group. Matsumoto confirmed the move but declined further comment.
At UBS he reports to Masahiro Sekino, head of fixed income sales in Tokyo. The hire is part of Sekino's plan to boost the bank's presence in Japan, particularly in the credit derivatives realm (DW, 10,6). "Matsumoto was hired to assist us in further strengthening UBS' marketing capabilities in our credit products and solution-based business," noted Sekino in an e-mail to DW. Sekino joined last year from Merrill Lynch to spearhead the build up.
At Goldman, Matsumoto reported to Bill Grathwohl, managing director in the derivatives structuring and marketing department in Tokyo. Grathwohl was traveling and could not be reached.
