Japan Securities Clearing Reveals New Director Candidates

The clearinghouse has nominated Asai Kunihiro and Sakata Hideki to become directors.

The Japan Securities Clearing Corporation, a Japanese clearing house, announced this Thursday that it has nominated candidates for two director positions – Asai Kunihiro and Sakata Hideki.

The two candidate nominations will be put for votes at the company’s general meeting of shareholders. This will be held on the 15th of June this year. The new candidates will be replacing Ishikawa Masamichi and Inaida Yosuke, who will be retiring from their roles as directors.

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Japan Securities Clearing was established by five Japanese stock exchanges and the Japan Securities Dealers Association. The clearing house provides clearing services for listed products, over the counter (OTC) derivatives, Interest Rate Swaps and more. The Japan Exchange Group, Inc. holds 99.2 per cent of the company’s A shares.

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Kunihiro joined Japan Securities Clearing in 2007

Kunihiro has been with Japan Securities Clearing since October of 2007, initially joining as the Head of Product Development Department. During his nearly 13 years with the firm, they have also been the Global Head of Products, Global Head of Corporate Office, and most recently, the Senior Corporate Managing Director, Global Head of Corporate Office.

Prior to joining the clearing house, Kunihiro worked at Nikko Asset Management Co., Ltd. where they were the Head of Risk Management. During their career, which started in August of 1994, they have also worked at Sanwa Bank and Mitsui & Co.

Hideki, on the other hand, has spent their career, which started in April of 1993, at Nomura Securities, with their most recent position being the Senior Managing Director, Global Markets, Hideki’s biography shows.

Over the past 26 years, Hideki has held a range of positions with Nomura, ranging from a Fixed Income trader at the beginning of their career, to Managing Director, Head of Japan Fixed Income Sales, and onto the Head of Institutional Fixed Income Sales Department, among other positions.

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