03/07/2008 02:47. Mitsubishi UFJ Securities has appointed William Mumma as the head of its US operations, the firm has confirmed.

Under the terms of the appointment, the banker will become chief operating officer at the brokerage unit this month - moving to chief executive in 2009.

Previously, Mr Mumma worked as the global head of derivatives trading at Bankers Trust, and at Nomura's global equity wing in the US.

The latest appointment marks the continuation of a recent trend at Mitsubishi, which has been looking to hire more... // Bobsguide