J.P. Morgan has confirmed plans to open a new agency lending trading desk in Tokyo next month to serve its onshore clients and the Japanese securities lending market.
The desk will be led by former-Natixis executive director Kasumi Shibano, who is set to join J.P. Morgan in December.
As Japan's new head of agency securities lending trading, Shibano will report to Simone Broadfield, head of agency securities lending trading for Asia Pacific (APAC), who is based in J.P. Morgan’s Hong Kong office.
SFT understands that the US' largest bank tapped Shibano for her wealth of experience and onshore connectivity, having led equity finance trading teams throughout her extensive career, including her most recent role with the French investment bank, where she has served from 2013 until January 2018.
In her nearly three-decades of experience in financial markets, Shibano has also held senior roles with Barclays, Macquarie Group, and UBS, after a decade with Morgan Stanley as vice president.
J.P Morgan says the move will position it as the only international lender to have an onshore presence in Japan, reflecting the strategic importance of APAC's largest securities lending market to the bank's regional agency securities lending and securities service businesses.
The Tokyo desk will become our J.P Morgan's third APAC trading location, complementing the desks located in Hong Kong and Sydney.
The J.P. Morgan APAC trading teams manage equities, fixed income and cash reinvestment on behalf of a global client base.
