SMBC Capital Markets, Inc., a member of SMBC Group, today announced the appointment of Gareth Hughes as Head of Trading. Mr Hughes will be based in New York.
In his new role, Mr Hughes will lead SMBC’s derivatives and macro rates trading business, focusing on improving the firm’s trading capabilities to better meet the needs of a growing institutional client base. He will also partner with the SMBC Nikko Securities America, Inc. credit sales and trading team to align secondary market priorities and enhance SMBC’s value to clients in the primary markets.
Gareth Hughes reports to Yunson Du, Senior Deputy President of SMBC Capital Markets, Inc. and Deputy Head of Americas Division Sales & Trading, who said: “We are pleased to have Gareth join SMBC, and we’re looking forward to continued growth in derivatives and macro rates trading. He brings deep experience to lead a team that provides best-in-class product and service offerings to our institutional clients.”
Mr Hughes joins SMBC from UBS, where he managed the linear rates trading business. Prior to that, he served at Société Générale as Head of Fixed Income and Currencies (FIC) in the Americas, overseeing Sales & Trading and formulating the bank’s annual FIC business plan.
Gareth Hughes will work closely with Christian Stauder, Head of Macro Rates Sales, who joined SMBC from Société Générale in August 2022.
