The Monex Group, Inc., a Tokyo-based financial services company that operates retail brokerages TradeStation, Monex, Boom Hong Kong, and cryptocurrency exchange Coincheck, announced a number of changes to the management of its subsidiaries this Wednesday.
According to the company statement released today, the firm has made a number of changes to its group companies to strengthen its management structure and enhance collaboration among its subsidiaries. All changes will be effective from the 1st of April, 2019.
Oki Matsumoto, who is the Representative Executive Officer and President of Monex Group, will now also be the Representative Director and Chairman of Monex, Inc., and Chairman of Coincheck.
Monex to Promote Group-Wide Management
At Monex, Yuko Seimei, who is Executive Vice President at the retail brokerage, will become the Representative Director and President. In this role, Seimei will be responsible for the broker’s management, while also cooperating with group companies.
Specifically, Seimei will be responsible for the company’s investment business, Japan segment, and planning. Seimei will also step down from the position of Managing Director at Monex-Saison-Vanguard Investment Partnership, Inc., effective from the 31st of March, 2019.
Furthermore, at Monex employees will be “aggressively” promoted to managerial positions at the subsidiary, the statement said.
Three Executive Directors of Coincheck will concurrently serve as Executive Directors of the Group, the company statement revealed today. This is to enhance cooperation with group companies.
“With the new management structure, we expect to further revitalize the organization, move our business forward with more flexibility, and realize synergy effects among the group companies,” the statement from Monex Group said.
Another move for the company will see Koichi Tateno resign as Senior Executive Officer and Chief Investment Officer, to become a Senior Advisor, effective from the 1st of April this year.
You can see the full list of changes at Monex Group companies on its statement here.
