Deutsche Bank has hired Katzu Ashizawa, head of equity derivatives at Morgan Stanley in Tokyo, to head up its equity division. Ashizawa will take responsibility for cash, sales, trading, derivatives and research in the equity division. This position has been vacant for some time and have been covered in the interim by John Macfarlane, chief country officer in Tokyo, according to a spokeswoman. Macfarlane and Ashizawa could not be reached for comment.
Morgan Stanley has elected not to replace Ashizawa, according to Mark O'Friel, head of equities. Instead the derivative sales group, equity products group, financial institutions group, pensions group, and the alternative investment group, which previously reported to Ashizawa, will now report directly to O'Friel.
