Fuji Capital Markets Corp., New York, a subsidiary of Fuji Bank Ltd., said Yutaka Komatsu was named president and chief executive officer effective April 30. Mr. Komatsu has also become chairman of FCMC's subsidiary, Fuji Capital Markets (UK) Ltd. In his new position, Mr. Komatsu is responsible for interest rate and currency swaps and derivatives handled outside of Japan.
Mr. Komatsu replaces Shiro Yanagihara, who successfully oversaw the launch of the unit as Fuji Bank's vehicle for an expanded capital markets presence in the United States. Mr. Yanagihara is returning to Tokyo to take up another position within Fuji Bank as part of its regular management rotation.
Mr. Komatsu, 44, has been with Fuji Bank since 1970 when he joined the Yaesuguchi Branch in Tokyo. His most recent position was that of deputy general manager of the international business and products development division in Tokyo.
"Swaps and derivatives have become an integral part of both the capital markets and the corporate financing process," Mr. Komatsu said.