Westdeutsche Landesbank has hired Hiroshi Fukuzawa, head of credit fixed income at Bank of America in Tokyo, as a managing director and head of credit derivatives. Fukuzawa was a v.p. in credit derivatives and asset securitization in Tokyo when he left West LB a year ago. He runs credit trading, structuring, and sales and reports to John Paul Garber, global head of asset securitization principal finance and credit derivatives at West LB in London. Garber was travelling and could not be reached. Fukuzawa said he will look to add a junior trader by year-end to the three-strong team and will likely hire additional staff next year, declining to elaborate. At Bank of America, he reported to Jim Kelligrew, head of global high-grade fixed income in Charlotte, N.C.
Fukuzawa replaces James Lee, v.p. and head of credit derivatives, who joined RBC Dominion Securities. Lee did not return calls. A trader at RBC said Lee replaced Terence Mark, head of credit derivatives, who joined West LB as head of credit sales for its global financial markets group in June.
