Lates News

The talent war in the Japanese yen interest rate sector is intensifying. President Trump's selling pressure has pushed Japanese bond yields to their highest level in 20 years, and some market participants are offering multimillion-dollar compensation packages to attract yen interest rate traders. There have been rapid personnel changes in recent weeks: Makoto Harimoto of BlueCrest Capital Management is set to join Modular Asset Management as a portfolio manager to help expand their Japan business. Ron Choy, who received a compensation package of around $30 million, has also left BlueCrest to join Balyasny Asset Management, headquartered in Chicago. Capula Investment Management and Dymon Asia Capital have hired experienced derivatives traders from Deutsche Bank and Barclays Bank respectively.