The Japan Exchange Group, Inc. (JPX) announced this Friday that it has appointed two co-Chief Operating Officers (COO) at its Board of Directors meeting held on February 21, 2020.
In particular, Miyahara Koichiro, the current President and Chief Executive Officer (CEO) of the Tokyo Stock Exchange, Inc., has been appointed to the position alongside Yamaji Hiromi, who is the President and CEO of the Osaka Exchange, Inc.
“The appointments will be subject to a partial revision to the Articles of Incorporation regarding the number of COOs, expected to receive approval at the JPX annual general shareholders meeting scheduled for June 2020,” the exchange group said in today’s statement.
In addition to the co-COO appointments, Koichiro and Hiromi have both been named as Representative Executive OfficerS of JPX, the statement showed. The appointment will be effective from April 1, 2020.
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Koichiro has been working with the exchange group since April of 1988 when they joined the Tokyo Stock Exchange. Over the past three decades, they have held numerous positions within the group, such as Executive Officer, Japan Exchange Group, Inc. As of the end of September 2019, Koichiro held 35,177 JPX shares.
Hiromi, on the other hand, started off their career at Nomura, joining Nomura Securities Co., Ltd. (now Nomura Holdings, Inc.) in April of 1977. During his 30-year career with the Japanese financial firm, Hiromi was the President & CEO, Nomura Europe Holdings plc (London) and Chairman, Nomura Holding America Inc. (New York).
In June of 2013, Hiromi joined JPX as a Director and became the President & CEO, Osaka Securities Exchange Co., Ltd in the same year.
During his tenure with the Japanese group, he has also been a Representative Executive Officer, Tokyo Commodity Exchange, Inc. As of the end of September of last year, Hiromi held 24,217 shares.