Monex Group Secures Takahiro Tanaka as an Executive Director

His role will be effective from December 1, 2018.

Monex Group, a Tokyo-based financial services company that operates retail brokerages TradeStation, Monex, Boom Hong Kong, and cryptocurrency exchange Coincheck, announced this Wednesday that it has added a new professional to its management team.

According to a statement on its website, Monex Group has appointed Takahiro Tanaka as an Executive Director. His new position will be effective from the beginning of next month on December 1, 2018.

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As the document from the company suggests, this is Tanaka’s first position with the Japanese giant. However, that’s where the details end as the firm does not reveal what Tanaka’s role at the firm will be, what his responsibilities are, etc.

Monex Inc hiring spree

The past couple of months have been busy for Monex Group and its subsidiaries. Two, in particular, have been busy for the group – retail brokerage Monex Inc and cryptocurrency exchange Coincheck.

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Towards the end of September, the Japanese brokerage underwent an organizational and personnel reshuffle. As a result, three new professionals joined the firm, and one previous employee moved to a new position.

The new employees were – Yasuhiko Kurata, who is the General Manager of the Internal Audit Office. Haruhiko Ito was appointed as General Manager for the Customer Service Planning Office, and Takeko Miyasawa joined the broker as General Manager of the Hachinohe Operation Center.

Over the past few months, Coincheck has also been slowly resuming its business operations, which had been closed since the beginning of this year after it was hacked and had more than $500 million in digital tokens stolen.

Monex Group records strong first-half results

Towards the end of October, Finance Magnates reported that Monex Group announced its first-half financial results of its fiscal year ending March 31, 2019. The firm experienced a solid period – with revenues and profit up.

Taking a look at the firm’s operating results, the company recorded total revenue of ¥26.8 billion ($239.3 million). This is an increase of 6.3 percent year-on-year. From this, operating revenue was also up on an annual basis, jumping by 6.8 percent from ¥24.6 billion in the first half of 2017 to reach ¥26.4 billion in H1 of 2018. The overall profit for the group was ¥1.7 billion as of the first half.

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