Japan’s MONEX Group has announced today that it has engaged in a restructure at senior management level, administering promotions and assigning different responsibilities to four key members of top level personnel, as well as creating new divisions within the firm to concentrate on specific business requirements.
According to MONEX Group, certain business units were required to be created in order to focus on the varying investment styles of its customer base.
Therefore, with effect from today, both the Sales Planning Department has been abolished in favor of the newly created Sales Division.
Within the new Sales Division, there are now a series of units, focusing on different areas. On this basis, the Sales Planning Department was abolished and the Product Services Department, the Active Trader Department and the Investment Services Department were created under the Sales Division.
Key Management Restructure
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In addition to the generation of different divisions within the company, MONEX Group has assigned new roles to four members of the company’s senior management team.
As of today, Kiminori Kaneko, formerly the company’s COO Deputy President assumes the position of COO Deputy President and Head of Sales Division.
Furthermore, Keiji Okamoto has been assigned the role of General Manager, Product Services Department, having previously held the role within the company of General Manager of the firm’s Sales Planning Department.
Ex-Deputy General Manager of MONEX Group’s Sales Planning Department Michiyo Kubota has been appointed General Manger, Active Trader Department and Satoko Koshiba ceases his tenure as Manager of the company’s Sales Planning Department in order to become General Manager, Investment Services Department.
This represents a new direction for the structure of the company at its higher level, and as Japan’s retail FX market continues to perform well, demonstrates MONEX Group’s structured approach to moving with the times.