US-based Citadel Securities, a global market maker, has opened a new office in Tokyo, Japan, as part of a wider expansion strategy.
Paul Hamill, global head of fixed-income distribution at Citadel Securities, explained in a company press release: “Japan has a highly sophisticated, large and dynamic investor base, and we are excited to strengthen our presence in the country as we continue to expand in Asia-Pacific and globally.” He added: “Japanese institutional investors have long played a critical role in the global fixed-income markets, and we look forward to providing them with our differentiated product offerings driven by innovations, technology, consistent and competitive pricing, best-in-class markets insights, and global macro thought leadership.”
The new office will work alongside 15 existing locations in North America, Europe and Asia-Pacific and aims to strengthen the firm’s product offerings to Japanese customers. Shinichiro Kato has been appointed as representative director of the new subsidiary and will be responsible for fixed-income distribution across Japan.
Citadel Securities has been operating in Asia since 2009 and launched its fixed-income offerings in Hong Kong in 2020. The company currently employs more than 200 professionals in the Asia-Pacific region.