Monex Group, a Tokyo-based financial services company that operates retail brokerages TradeStation, Monex, Boom Hong Kong, and cryptocurrency exchange Coincheck, announced a series of changes in its management and organizational structure this Thursday.
Effective from February 1, 2019, Monex Group will be removing its investment business office. In the statement released today, the firm does not give a reason as to why it is making this change.
In addition to the abolishment of its investment business office, the Group has also made a series of appointments. The first personnel change sees a new member joining the firm in management, Akira Inoue, who will be an Executive Director at the company. The position will be effective from January 22, 2019.
From the 1st of February 2019, Satoshi Hasuo, who is the current Chief Financial Officer and an Executive Officer for the Monex Group, will take on one extra role – General Manager of the Finance Department.
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After less than one month of working with the firm Akira Inoue, who will be joining in January as an Executive Director, will take on another role from February 1, 2019 – General Manager of the Financial Control Department.
Today, the firm also announced a management change in its subsidiary Monex, Inc., a retail brokerage. Namely, on February 1, 2019, the broker will be getting a new Executive Director – Hiroshi Aikawa. Aikawa has not previously held any positions at Monex.
Monex Group subsidiary to launch crypto services
The personnel changes from the Monex Group come just a few days after it announced that its US subsidiary, TradeStation Group, plans to launch its cryptocurrency services later this year under the brand name TradeStation Crypto.
As Finance Magnates reported, there is currently no specified timeframe for the launch of the new platform, but it plans to leverage its brokerage industry expertise to address what it perceives to be “key concerns and certain weaknesses in the current cryptocurrency ecosystem,” it said.