Societe Generale Builds Tokyo Operation; Starts 24-Hour Japanese Yen Trading Desk

BANKS

Societe Generale has been building its forex team in Tokyo, hiring as many as 10 dealers in recent months, says Roy Tsuji, manager of the spot interbank FX desk. Additionally, Tsuji says, the bank has started a 24-hour Japanese yen desk.

In addition to Tsuji, as many as 10 dealers from the former Chase Manhattan Bank team joined SocGen, including treasurer A. Tagawa. Tsuji transferred to Chase Tokyo about two years ago, but was previously with the bank's New York operation. He joined SocGen a