Morgan Stanley poaches Japan e-trading head from UBS
Takayuki Saito adds to the US bank's list of big hires in electronic trading, with a remit to expand the business under the Morgan Stanley MUFG Securities joint venture.
As the global banks jostle for position in the Asian electronic trading business, Morgan Stanley is making a strong bid to cement its foothold in the region.
The newest addition is Takayuki Saito, who starts today as head of electronic trading in Japan. He will report functionally to Zach Tuckwell, Hong Kong-based head of pan-Asian electronic trading, and locally to Steve O'Shea, head of client trading in Japan.
Saito was previously head of UBS's pan-Asian direct-execution business, a…
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