Mizuho Securities is expanding its equity derivatives operation in Japan and has brought aboard two senior traders. Chea Srun, head of equity derivatives trading at Dresdner Kleinwort Wasserstein in Tokyo, recently joined in a new role as head of single-stock equity derivatives and convertible bonds in Tokyo, along with Nav Takhar, director of equity derivatives at Toronto-Dominion Bank in Toronto, as a manager of equity derivatives trading, with responsibility for index trading. They report to Paul O'Brien, head of equity derivatives in Tokyo. "We're expanding the business," said O'Brien, noting that the securities operation has been formed from an alliance between the Mizuho Financial Group and Australia's Macquarie Bank in the last couple of years. O'Brien declined further comment.
Srun said he reported to Jean-Francois Minier, head of equity and branch manager in Tokyo. Minier was traveling and could not be reached. Takhar declined comment.
