Asset Control expands in Japan
Financial data management solution provider
Asset Control has expanded its Asian footprint with the opening of an office in
Japan and hiring of Hidet Kobayashi as country manager.
The Tokyo office is the firm’s second in
the region after Hong Kong. Kobayashi has joined Asset Control from capital
market solutions provider Greenline, where he was responsible for business
development and project delivery. Previously Kobayashi held positions at Misys,
Tata Consultancy Services and Thomson Reuters.
“Japan is at a turning point in its
financial markets infrastructure. Market participants have become much more
global in their outlook, and whether it’s the Japanese FSA’s interpretation of
the Basel III accord or banks looking increasingly for international trading
strategies, a more complex operating environment is inevitable,” said John
Mitchell, vice president of global sales, Asset Control. “The changes are
having an explosive effect on the amount of data market participants need to
consume and consequently, firms must turn their attention to the frameworks
supporting their data management and data governance processes.”
During this summer, Asset Control is hosting a
seminar in Japan to discuss data management and data governance issues in light
of Japan’s changing market infrastructure, as alternative venues gain market
share and the two primary exchanges – the Tokyo Stock Exchange and the Osaka
Securities Exchange – plan an impending merger.