He replaces David Jacob, who has returned to London to assume the role of head of regional treasury for Europe, Middle East and Africa.
In Japan, Tatsuzawa will report to Yoneo Sakai, CEO of HSBC Securities (Japan), while functionally he will answer to Gordon French, head of sales and regional treasury management for Asia-Pacific.
Anita Fung, group general manager, treasurer and head of global markets for Asia-Pacific, is quoted in a press release announcing the appointment as saying: ôJapan is a significant part of HSBC's treasury operations in Asia. Our strong balance sheet and expansive international network enables us to provide clients in Japan access to a full range of products and services from across Asia and other regions. HSBC's local presence in Japan also ensures our clients have access to one of the world's largest financial markets.ö
According to the release, Tatsuzawa's extensive global markets experience, particularly in fixed income and derivatives sales, will help HSBC to further expand its securities franchise in Japan.
Tatsuzawa was previously head of fixed-income sales. He joined HSBC in 2005 after serving at Bank of America in Japan and as head of fixed-income sales at Merrill Lynch, also in Japan.