Credit Suisse Hires Deutsche’s Fukaya as Currency Strategist

Koji Fukaya, a former senior currency strategist at Deutsche Bank AG, will start today as chief currency strategist at Credit Suisse Group AG in Tokyo.

Credit Suisse hired Fukaya, 48, as it seeks to strengthen its global business in foreign exchange and rates, the company said in a statement.

“Fukaya brings to Credit Suisse over 15 years of research experience, which will be invaluable to the further success of our foreign-exchange franchise in Japan,” Taisei Takegami, the firm’s head of fixed income for Japan, said in the statement.

Fukaya was selected as the best foreign-exchange analyst for long-term forecasts by readers of Euromoney magazine for five-straight years through 2004. He was ranked No. 9 among Japan-based interest-rate and currency strategists and analysts in a Nikkei Veritas list published this year.

He worked as a senior currency strategist for Deutsche Bank in Japan since 2007, according to Credit Suisse. Before that, he worked for 23 years at the company now known as Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan’s largest lender.

At Bank of Tokyo-Mitsubishi, Fukaya was chief analyst in the foreign exchange and treasury division between 1997 and 2004, and chief economist from 2004 to 2007. He holds a bachelor’s degree in law from Tokyo University.

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