Mizuho International, the UK-based securities and investment banking unit of Japan’s Mizuho Financial Group, has named Borja Rivas as managing director, head of derivatives risk solutions for Europe, Middle East and Africa (EMEA).

In the new role, Rivas will be tasked with heading the development of the Mizuho International derivatives risk solutions offering in EMEA within its fixed income business.

Rivas most recently served as the head of capital financing Iberia unit at HSBC global banking and markets arm.

Previously, he also spent eight years at UBS as head of the debt capital markets and derivatives division in Iberia and another eight years at JP Morgan Chase.