Discover your dream Career
For Recruiters
The head of rates has gone.

Two senior rates traders left Mizuho

While banks like Jefferies are building their rates trading business, Mizuho has seen a spate of exits after some recent hiring.

Sources say that both Jason Cohen, a managing director and head of the rates trading business in London, and Kevin Broughton, a director, left yesterday. They are thought to have been let go.

Nicholas Holt, who was transferred to Frankfurt to work in credit sales is also thought to have left last week.

Mizuho declined to comment on the exits. They follow a recent spate of hiring in Mizuho's sales and trading business, which included the addition of two directors in rates sales, two directors in credit sales and one director in central bank sales in April and May. 

Jason Cohen joined Nomura in November 2020. Broughton joined in May 2021 and was head of US rates trading after nearly four years at RBC. 

Rates trading businesses have been doing well this year as central banks move away from quantitative easing and hike rates. NatWest rates people have been joining Morgan Stanley. Nomura has been rebuilding its rates business, and one senior Nomura rates trader recently quit to become head of rates at Lloyds Banking Group. 

In April, Claus Jorgensen, the head of credit trading at Mizuho EMEA, officially left the bank. Roy Martins, the EMEA head of sales, subsequently exited too.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Selby Jennings Investment Banking
Corporate Banking Vice President - ESG Advisory
Selby Jennings Investment Banking
London, United Kingdom
US Execution Trader
Tavira Financial Limited
London, United Kingdom
Pearse Partners
VP ESG Advisory
Pearse Partners
London, United Kingdom
Universities Superannuation Scheme Limited
Treasury Analyst / Trade Execution
Universities Superannuation Scheme Limited
London, United Kingdom
Unicorn Advisor (HK) Limited
VP, Treasury trader role
Unicorn Advisor (HK) Limited
Hong Kong