GMO-Z.com UK Taps Masahiro Funada as Director

Mr. Funada joins the British arm after serving other subsidiaries of the Japanese GMO CLICK Group for four years.

GMO-Z.com United Kingdom Limited, Japanese GMO CLICK Group’s retail forex British subsidiary, has announced the hiring of Masahiro Funada as its new Director. In his current role, Mr. Funada is serving the United Kingdom-based company whilst based in Hong Kong.

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According to his LinkedIn profile, Masahiro Funada has been with the parent company for almost four years, serving in different roles at GMO CLICK’s subsidiaries. Most recently, Mr. Funada served as the General Manager at GMO CLICK Holdings Inc. for ten months between July 2016 to April 2017. Prior to that role, Mr. Funada held the position of General Manager at GMO CLICK Securities Inc. for nearly three years between August 2014 to April 2017.

Recently, Z.com Trade published its annual results and year-end financial statements, that revealed a loss of $2.3 million (£1.8 million) in the fiscal year ending March 31, 2017. Last year’s report revealed a heavier loss, which had been estimated at about $3.02 million (£2,373,979). However there was also registered an increase in the company’s turnover, which surged to $517,792 (£406,542), up 491.6 percent on a year-on-year basis, compared to an $87,504 (£68,712) turnover the year prior.

There had been further declines such as in the number of staff members, with the company seeing the departure of nine employees, a decline compared to last year’s count of twelve. Additionally, there was a decrease in administrative expenses, in which Z.com spent $2,874,759 (£2,258,788), down 7.5 percent, compared to last year’s $3,110,009 (£2,442,691) total.

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