Bear Stearns has hired Masayuki Ishido, v.p. in integrated credit trading at Deutsche Bank in Tokyo, as an associate director for its credit derivatives trading desk in Tokyo. "Masa is an excellent trader and adds depth to our credit trading effort," said Ralph Orciuoli, managing director and Asian head of credit trading at Bear Stearns in Tokyo, to whom Ishido now reports.
Ishido will focus on flow trading for the firm's Japanese credit default-swap book. Ishido, who left the German bank in June (DW, 6/15), declined comment. He is a replacement for Mike Hyler, managing director in Tokyo, who is in the process of relocating back to the New York credit derivatives desk. Hyler could not be reached.
