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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