JJPMorgan recently hired two traders in Tokyo from the newly-established French derivatives house Calyon to bulk up its yen interest rate trading desk. "It's obvious that with the strengthening economy and more international accounts coming to this market that we've needed to expand our yen and exotic businesses," said Hideharu Taira, head of rates trading in Tokyo. The firm has hired Jacques Takahashi, exotic interest rate trader, and Stuart Giles, interest rate swap trader, for similar roles.
At Calyon, the pair reported to Fabio Castaldi, head of the interest rate derivatives and bond trading department in Tokyo. Castaldi did not respond to messages.
