Monex, Inc., a wholly owned subsidiary of Monex Group, Inc., has announced the newest change to its personnel group, naming Keiji Okamoto as the group’s newest Executive Director and General Manager of its Investment Services Department, according to a Monex statement.
Mr. Okamoto’s appointment will be tendered with effect on November 16, 2015. He has currently been serving Monex in the capacity of its Executive Director, having now been promoted to an expanded role, focusing more on investments for the Japanese broker.
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Monex Group, Inc. has been largely devoid of personnel moves during 2015, with its last appointment coming in March when Hisashi Tanaami and Michiyo Kubota were both promoted.
Earlier this month, Monex Group made headlines after it reported its financial metrics for the month ending October 2015, which suffered a substantial drop in its foreign exchange (FX) volumes in consecutive months. Overall, the monthly trading value for all subsidiaries of Monex Group Inc totaled just $28.2 billion during October 2015, plunging -27.0% from $38.6 billion in September 2015.
The results are commensurate with several other Japanese brokers that have also seen a downward trend in their revenues and volumes during the month of October. This trend was most recently affirmed by GMO Click, which also witnessed an October to forget.