Monex Group, a Tokyo based multinational financial service provider recently revealed a set of senior level appointment made to its subsidiaries. The Japanese firm is well known for often hiring new executives and shuffling its senior level executives as evident from changes made in recent past. According to latest announcement made by the firm it has hired Mr. Yasuyuki Kotera to serve as its new Executive Director for Monex Inc – a subsidiary dealing in online securities trading activity. Aside from Mr. Kotera, the firm sees addition of Ms, Kayoko Mori to the role of General Manager for its Internal Audit office, Mr. Kazunari Ohuchi to the role of General Manager for the group’s fiancé department and Mr. Tomokazu Furukawa to the role of General Manager for the accounting department. Currently both Ohuchi and Furukawa are serving as part of Internal Audit division.
All the changes made to current executives’ roles and appointment of Mr. Kotera as an Executive Director are set to come into effect from 1st April 2020. Aside from these changes made to senior level leadership and management team, the firm is also expected to undergo a major restricting/reformatting move. This move will see the group’s accounting and finance department be split into two separate entities which has mandates the urgent need of personnel changes revealed in this announcement. It should be noted that the group announced a similar update when it released its third quarter revenue report. The financial report had mentioned that Monex Group plans to reform its current Japanese businesses which involve transformation of retail brokerage unit Monex Inc into an asset management division.
The firm had mentioned in the quarterly financial statement report that this change is aimed at increasing client assets after deducting commissions and management feeds. Another change made as part of transforming Japanese business units involves the creation of Japan Catalyst Inc, an investment advisory firm that will help drive development of asset management and asset creation businesses. Also, Monex Group recently revealed that it has recently acquired all shares from its partners Credit Saison and Vanguard Group for their joint venture making Monex-Saison-Vanguard Investment Partners its wholly owned subsidiary unit.
Group, a Tokyo based multinational financial service provider recently revealed a set of senior-level appointments made to its subsidiaries. The Japanese firm is well known for often hiring new executives and shuffling its senior level executives as evident from changes made in recent past. According to latest announcement made by the firm it has hired Mr. Yasuyuki Kotera to serve as its new Executive Director for Monex Inc – a subsidiary dealing in online securities trading activity. Aside from Mr. Kotera, the firm sees addition of Ms, Kayoko Mori to the role of General Manager for its Internal Audit office, Mr. Kazunari Ohuchi to the role of General Manager for the group’s fiancé department and Mr. Tomokazu Furukawa to the role of General Manager for the accounting department. Currently, both Ohuchi and Furukawa are serving as part of Internal Audit division.
All the changes made to current executives’ roles and appointment of Mr. Kotera as an Executive Director are set to come into effect from 1st April 2020. Aside from these changes made to senior level leadership and management team, the firm is also expected to undergo a major restricting/reformatting move. This move will see the group’s accounting and finance department be split into two separate entities which has mandates the urgent need of personnel changes revealed in this announcement. It should be noted that the group announced a similar update when it released its third quarterly revenue report. The financial report had mentioned that Monex Group plans to reform its current Japanese businesses which involve transformation of retail brokerage unit Monex Inc into an asset management division.
The firm had mentioned in the quarterly financial statement report that this change is aimed at increasing client assets after deducting commissions and management feeds. Another change made as part of transforming Japanese business units involves the creation of Japan Catalyst Inc, an investment advisory firm which will help drive the development of asset management and asset creation businesses. Also, Monex Group recently revealed that it has recently acquired all shares from its partners Credit Saison and Vanguard Group for their joint venture making Monex-Saison-Vanguard Investment Partners its wholly owned subsidiary unit.
