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.