Daiwa makes cutbacks to derivatives team
Japanese bank loses senior derivatives personnel across Asian and London offices; blames Japan earthquake and market uncertainty
Several senior executives within Daiwa Capital Markets, the investment banking unit of Daiwa Securities, have left as part of a global restructuring push with 20 staff cut overall.
Martial Rouyère, global head of equity derivatives, Edouard Hoepffner, head of structuring for Asia ex-Japan, and Adam Cowperthwaite, head of equity derivatives sales for Asia ex-Japan, are all understood to have left the bank within the last week.
The departures represent a setback for Daiwa, given the Japanese
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