Spurred by market deregulation, J.P. Morgan & Co. is rapidly expanding its equity-related operations in Japan, including fund management and advisory services.

As part of the buildup Morgan this year moved Thomas Reagan, its top Asian equities specialist, to Tokyo from Hong Kong to spearhead the effort. The bank expects to have 50 traders and analysts in place by yearend, up from four 12 months ago. Last month it signed an agreement to acquire a seat on the Tokyo Stock Exchange from Daika Securities Co.

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