SMBC Capital Markets Appoints Gareth Hughes as Head of Trading

SMBC Capital Markets, Inc., a part of the top-tier global financial group SMBC Group, has appointed Gareth Hughes as its Head of Trading. He will be based in New York and report directly to Yunson Du, Senior Deputy President of SMBC Capital Markets, Inc., and Deputy Head of Americas Division Sales & Trading.

In his new role, Hughes will lead SMBC's derivatives and macro rates trading business, with a focus on improving the firm's trading capabilities to meet the needs of its growing institutional client base. He will work closely with Christian Stauder, Head of Macro Rates Sales, and the credit sales & trading team to align secondary market priorities and enhance SMBC's value to clients in primary markets.

Commenting on the appointment, Yunson Du, Senior Deputy President of SMBC Capital Markets, Inc., 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."

Prior to joining SMBC, Hughes managed the linear rates trading business at UBS, a leading multinational investment bank and financial services company that recently merged with Credit Suisse​ with the support of Swiss Government. He also had held the role of Head of Fixed Income and Currencies (FIC) in the Americas at Société Générale, where he oversaw the bank's sales & trading and formulated its annual FIC business plan.