daiwa-smbc-launches-londonbased-derivatives-division

Daiwa SMBC launches London-based derivatives division

Daiwa Securities SMBC launches a global derivatives initiative in London and staffs the division with several senior hires.
June 25, 2008
Daiwa Securities SMBC announced Wednesday that it was launching a new derivatives division based in London, headed by Dominique Blanchard, who joined Daiwa in May from Calyon. The scope of the business will extend across Europe, the US, and Asia, including Japan.

Daiwa SMBC says it is pursuing a new global strategy of targeting growth in Asia and internationally. Daiwa has hired Clarke Pitts from Mitsubishi UFJ Securities to head up equity derivatives, and Matthew Hargreaves, formerly at Calyon, to build the derivatives infrastructure team. Both will be based in London.

For the new derivatives business, Daiwa will make use of its platform in Japan, Asia and Europe.

Toshinao Matsushima, head of global markets...
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