JPMorgan Hires Ex-Hedge Fund Manager to Head Japan Stock Sales

  • Shinji Ogawa hired from Evolution Japan Asset Management
  • JPMorgan is seeking to beef up its Japan stock business

JPMorgan Chase & Co. hired Shinji Ogawa from Evolution Japan Asset Management Co. to head Japanese equity sales as it strengthens its hedge fund coverage.

Ogawa, a former hedge fund manager at Evolution Japan, will report to Chiyo Aoshima, head of equity sales at JPMorgan Securities Japan Co., and corporate access and client relationship management in Asia, the brokerage said in an e-mailed statement to Bloomberg News.

JPMorgan is seeking to boost its Japan stock business, and Ogawa is at least the fourth senior recruit by the U.S. bank for the operation in the past year. Last week, it hired Ryota Sakagami from SMBC Nikko Securities Inc. as its chief Japan equity strategist.

The Japanese brokerage unit posted a 23.5 billion yen ($234 million) profit for the year ended March 31, the biggest in at least seven years, according to a disclosure which became available on Aug. 1.

Ogawa worked for Credit Suisse Group AG and JPMorgan before joining Evolution Japan, according to the statement.