J.P. Morgan has made two hires for its structured credit products team in Tokyo. Ken Koh, head of credit derivatives structuring at Bear Stearns, joined last week and reports to Mahesh Bulchandani, head of structured credit products in Tokyo. Koh was traveling and could not be reached for comment. Bulchandani, who himself joined from Merrill Lynch earlier this year (DW, 4/9), said J.P. Morgan two months ago added Chandrakant Mohandy, a collateralized debt obligation credit analyst at Fitch.
Jonathan Laredo, head of structured finance for Europe and Asia at J.P. Morgan in London, added the moves are consistent with the firm's intentions to hire other structurers after Bulchandani's arrival. But he added it probably won't make any more hires for the rest of the year.
Officials at Bear Stearns did not return calls. A Fitch official in Tokyo said Mohandy's spot has already been filled by Koichi Ohtani, an official at Aozora Bank in Tokyo.
