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Derivatives

RBS Builds Out Japan Fixed Income

The Royal Bank of Scotland has boosted its Japanese fixed income business with two senior hires in new positions.


John Wade, director in global markets at Deutsche Bank in Tokyo, comes aboard as Asia-Pacific head of the medium-term note business, and Jezri Mohideen, director and interest-rate trader at Barclays Capital in Tokyo, joins as global head of yen delta trading.


The yen delta-trading desk is a new venture for RBS and will start trading next month. It will run alongside the established Japanese government-bond trading and interest-rate trading units. 


Lee Knight, ceo at RBS Securities Japan in Tokyo, said the moves are part of the firm's fixed income push in the region. It has hired around 50 fixed-income staff in the last year and recently set up a credit trading desk in Singapore (DW, 5/10).


Yu Sakakibara, spokesman at Barclays, declined comment and Aston Bridgman, spokesman at Deutsche Bank, did not immediately respond to messages.

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