IBJ Restructures Currency Options, Emphasizing A New Global Approach

BANKS

TOKYO--Industrial Bank of Japan (IBJ) has restructured its currency options unit, splitting its global currency options team away from the spot and swap desks.

The shift, which occurred at the beginning of this month, is an attempt to target a growth area and to better manage the risk of these complex products, according to bank officials.

Hiroshi Fujioto, senior manager and head of currency options at IBJ's international treasury department in Tokyo, is the leader of the 10-strong team, which

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