Mizuho have announced the appointments of Charles Minton and Shelta Kodjo to its derivatives trading business. Minton will serve as Head of XVA Derivatives Trading and Kodjo as Head of Quantitative Strategies. Both are Managing Directors and report to Takehiko Ariga, Managing Director and Head of Global Derivatives Trading for Mizuho Capital Markets.
In their new positions, Minton and Kodjo will lead the development of Mizuho’s XVA trading capabilities to calculate and manage counterparty credit risk, cost of funding, collateral and capital for swaps transactions. The new enhanced platform will have greater operational efficiency to manage risk, assess trade profitability and allocate capital. Kodjo will also be responsible for the design and implementation of new financial products, trading and hedging strategies and proprietary valuation models.
“Enhancing our XVA capabilities is critical to the build out of Mizuho’s derivatives business in the Americas and adding these two highly experienced and talented derivatives professionals to our existing team significantly accelerates the growth of our platform going forward,” stated Ariga.
Minton joins Mizuho following nine years with Bank of America Merrill Lynch, most recently as Managing Director and Head of Global FVA trading. He also held senior positions with BAML as Head Strategist, Flow Credit Trading and Co-Head of Global Currency Options Trading.
Prior to Mizuho, Kodjo worked at Bank of America Merrill Lynch, most recently serving as a Director in the XVA Quantitative Research group. Kodjo brings over fourteen years of derivatives pricing, valuation and risk modeling experience to the firm.