Jefferies Taps HSBC Hedge Fund Sales Exec.

Jun 2 2011 | 12:14pm ET

Jefferies has hired an HSBC hedge fund salesman to boost its fixed-income sales effort in Japan.

Masakazu Kannaka will head fixed-income sales to corporations, regional institutions and endowments from Tokyo. He has spent the past five years at HSBC Securities, most recently as head of the hedge fund products and sales group.

"Masakazu is a strong addition to our established fixed income team in Asia," commented Hitoshi Masumizu, head of Asia-Pacific fixed-income sales at Jefferies. "His notable experience and relationships will add value to our global fixed income platform as we continue to expand our global businesses to better serve our clients."

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