Daiwa bolsters Asian derivatives and ETF business

The build up of the bank's Asian business also encompasses equity, rates, commodities, and foreign exchange. The equity finance department, which incorporates ETFs, is headed by Charlie Day. Daiwa says it is planning to add around 300 employees to its Asian equity and derivatives business, and will inject ¥100bn ($1.1bn) into its Hong Kong operation by April, boosting the total capitalisation of the office by 210%. As part of the expansion, global head of derivatives Dominique Blanchard will move from London to Hong Kong. Blanchard joined Daiwa Capital Markets in June 2008, to buil...