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Derivatives

Shinsei Markets Head Resigns

Marten Touw, head of the markets division at Shinsei Bank in Tokyo, has resigned, according to officials at the bank. Reasons for his departure could not be determined but officials said that a replacement is still being chosen. Touw joined Shinsei last year from Standard Chartered Bank where he was the head of global markets for North East Asia (DW, 2/18/01). At Shinsei he reported to Brian Prince, ceo in Tokyo. Prince was on vacation and could not be reached. Yoshi Nakagawa, spokesman in Tokyo, declined all comment.

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