The Monex Group has announced a series of personnel changes to its retail brokerage Monex Inc this Monday. Namely, the company has managed to secure a new Executive Director for the broker.
Effective from the 1st of April, 2020, Yasuyuki Kotera will be joining the Tokyo-based financial services company as an Executive Director. This markets the first position Kotera has had with the group, the document seen by Finance Magnates shows.
In addition to Kotera’s Director appointment, there have also been a further three other changes to Monex Inc. Namely, Kayoko Mori has joined as a General Manager for its Internal Audit Office, effective from the 1st of April, 2020.
Kazunari Ohuchi will also take on the new role of General Manager for the Japanese firm’s Finance Department. They were previously the General Manager of the company’s Internal Audit Office.
Tomokazu Furukawa will also be assuming a new role at the beginning of April – General Manager of the Accounting Department. This will see them move from their current position of General Manager of the Accounting & Finance Department.
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Monex Inc structural changes
In addition to the personnel changes which will take place next month, Monex Inc will also be undergoing some structural changes. This will see the financial services firm split its accounting and finance department into two separate units, hence the personnel changes.
As Finance Magnates reported, Monex is planning on transforming its Japan segment, which includes its retail brokerage Monex Inc., from a brokerage model into an asset management model.
This change “aims to increase client assets after deducting commissions and management fees. Japan Catalyst, Inc. will drive the development of asset-management and asset-creation businesses,” the company’s third-quarter financial report said.
Towards the end of last month, Monex Group, Inc. agreed to make Monex-Saison-Vanguard Investment Partners a wholly-owned subsidiary of the group.