DrKW names Harata new head of rates trading in Tokyo

Dresdner Kleinwort Wasserstein (DrKW) has hired Jun Harata as managing director and head of interest rate derivatives trading in Japan.

While Harata will assume responsibility for all derivatives trading, he will specifically target structured exotic products such as power reverse dual callable swaps. These structured notes allow investors to speculate on changes in the exchange rate between markets that have a significant interest rate differential. They are becoming very popular with retail investors in Japan.

Harata joins DrKW after a five-year stint at Credit Suisse First Boston in Japan, where he handled structured exotic products trading. Prior to that he worked at First Chicago Capital Markets Asia in Tokyo, where he traded Nikkei exotic products.

Harata will jointly report to Jun Furutani, DrKW's managing director and head of interest rate product trading in Asia, and Thomas Roeder, global head of rates at DrKW in Frankfurt.