Tradeweb Appoints Head of Yen-denominated Products
TOKYO, JAPAN, 16 June 2009 - Tradeweb, a leading global provider of online markets for institutional investors and dealers, announced today the appointment of Yoichiro Iwaki as Director - Yen Rates Product Manager, a newly created position. Mr Iwaki's post is an integral part of Tradeweb's commitment to growing its yen-denominated product offering. He reports directly to Jesper Bruun-Olsen, Managing Director of Tradeweb's Asia-Pacific operations.
Tradeweb has been operating in Japan since 2005 and successfully added Japanese government bonds and yen interest rate swaps to its Rates offering in 2008.
Mr Iwaki joins Tradeweb from UBS Securities in Tokyo where he was Co-head of Japanese Institutional Sales. In the past he has held other related positions at UBS Warburg Securities in London and Tokyo. In between, Mr Iwaki headed up JGB Flow Sales for Domestic Institutional Investors at Barclays Capital Japan. He began his career at the Long-Term Credit Bank of Japan, holding posts in Tokyo, New York and London, where he rose to the position of Head of JGB Trading.
Mr Iwaki is a graduate of Hitotsubashi University with a Bachelor of Commercial Science (focused on macro economics).
"Mr Iwaki's impressive career in the sale and trading of Japanese and foreign interest rate products makes him ideally suited to expand participation in electronic trading of interest rate swaps and Japanese government bonds on the Tradeweb platform," said Jesper Bruun-Olsen, Managing Director of Tradeweb's Asia-Pacific operations.
"Tradeweb's record for building global online marketplaces with significant liquidity creates an excellent opportunity for increased electronic trading of yen products both domestically and abroad," said Mr Iwaki. "I am excited to be working with this dedicated team of experts."
Tradeweb is a leading provider of online markets and a pioneer in the development of electronic trading and trade processing. The company provides services in the fixed income, derivative, and equity markets to clients in more than 50 countries. Since 1998, Tradeweb has operated a global trading network, which harnesses the distribution of the major investment banks with over 2,000 institutional clients. With its expansion into the equity markets, Tradeweb is leveraging AutEx, the industry leader for 40 years in providing indications of interests, and Tradeweb Routing Network, a global FIX network with more than 7,000 connections to over 750 firms. Tradeweb is owned by Thomson Reuters and nine leading global dealers: Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, and UBS.