Daiwa Capital Markets announced that it has hired Dick Lo, formerly of Deutsche Bank AG (NYSE: DB), and Julien Petit-Pasquier from Morgan Stanley (NYSE: MOR) to work in the firm’s Asian equity derivatives business.
Mr. Lo will join the investment banking unit of Japan’s second- largest brokerage as the firm’s new head of stock derivatives trading. Mr. Petit-Pasquier will serve as the head of index trading, according to a report from Bloomberg BusinessWeek citing a Daiwa spokesman who declined to be identified.
The new positions are based in Hong Kong and both men will report to David Sarkis, Daiwa’s head of equity derivatives trading for Asia excluding Japan.
Daiwa Securities Capital Markets Co. Ltd., formerly Daiwa Securities SMBC Co. Ltd., is a Japan-based securities company. The Company is mainly involved in the securities business, including the purchase, sale and underwriting of securities, as well as the brokerage and commission for securities trading, among others. It is also engaged in the securities related business. The Company is a subsidiary of Daiwa Securities Group Inc. Last month, Daiwa announced that it would be purchasing KBC Groep NV’s Asian equity derivatives and global convertible bonds business.
