Deutsche Bank has hired Shingo Tadakoro, head of equity derivatives trading at Daiwa Securities SMBC in Tokyo, as a senior equity derivatives trader, according to Tadaaki Tano, general manager of the planning division in the products section at Daiwa. "At Daiwa he was one of the biggest players in the OTC index products market," said a rival at Nomura Securities.
Tadakoro will continue focusing on index products at Deutsche Bank and will report to Akio Ninagawa, director of the structured products group, according to a Deutsche Bank official. He will start in the coming weeks.
At Daiwa he reported to Tano, who said the firm has filled the position internally, but declined to elaborate. Ninagawa declined all comment.
