Merrill Lynch creates new Asian forex role in Tokyo


TOKYO -- Merrill Lynch is creating a new position for its non-Japan Asia local currency FX and interest rate derivatives business to cater for client demand.

"We are expanding our local currency derivatives business for non-Japan Asian clients, and as a result we have created a new role -- structured products trader," said William Shek, Merrill’s Tokyo-based head of local currency trading for non-Japan Asia.

Bertrand Hongre joins the bank in Tokyo next Monday (July 15) to fill the position,