2024 Agenda

2024 Agenda

Risk Live Japan 2024 agenda

June 25, 2024 | Risk and trading
Times are in JST

09:3009:35

Chairperson’s opening remarks

09:00 - 09:10

Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

09:3509:55

Recent developments of international discussions on regulatory and supervisory issues
Keynote presentation

09:10 - 09:30

Rena Nagayama

Director of the international affairs office

Financial Services Agency, Japan

Rena Nagayama is the Director of the Office of International Affairs at the FSA, responsible for international negotiation and coordination on financial regulation and supervision. She joined the FSA in 2003, and has engaged in various policy areas, including banking supervision, financial market regulation planning, and taxation policy, such as that concerning NISA. She was also seconded to the Ministry of Finance and Permanent Delegation of Japan to the OECD. She received a bachelor’s degree in law at the University of Tokyo, and an LL.M. at Georgetown University Law Center.

09:5510:25

A chief risk officer's perspective: macroeconomic drivers for change in risk management
Keynote panel

09:30 - 10:00

  • The implications of global geopolitical tensions on Japanese firms
  • International investment and the future of Japan as an asset nation
  • Placing priorities with continually changing risks and new factors
  • Building greater partnerships across Japan to stay ahead of risks
Akira Yamamoto | Moderator

Chief risk officer

SMBC Nikko Securities Inc.

Akira Yamamoto joined SMBC Nikko Securities Inc. as Chief risk officer in September 2021. He delivers his insights and solutions with regard to the optimized risk return in a wide range of risk assets including Loan, Derivatives, Real Estate, Funds, and Structured Finance from the perspectives of credit and market risk.

As a senior risk manager with 30 years of experience in the commercial and investment banking industries as well as a global rating agency, he has obtained an enhanced recognition among Japanese and non-Japanese institutional investors and made contributions to the public sector through the advisories specialized in Alternative products.

Prior to joining SMBC Nikko Securities, Mr. Yamamoto spent more than ten years working at MUFG Bank until 2000 being engaged in the corporate loan underwriting. After that, he spent five years at Standard & Poor’s as a lead analyst specialized in Structured Finance, and Morgan Stanley as a head of Corporate & Structured Finance Credit Risk covering the alternative assets such as securitization, real estate, leveraged loans, hedge funds and commodities in addition to the traditional assets such as equity and fixed income. He also spent seven years at Mitsubishi UFJ Securities Holdings by leading various projects in relation to Structured Finance and enhancement of market credit risk management framework.

Mr. Yamamoto is a Chartered Alternative Investment Analyst - Certified by CAIA Association, and a Financial Risk Manager - Certified by the Global Association of Risk Professionals.

Shiro Miyamoto

Head of corporate risk management division

Mitsubishi UFJ Financial Group Holdings

Shiro is the Head of Corporate Risk Management Division since April 2024, reporting to the CRO, leading a team of highly skilled Risk professionals

Prior to the current role, he was the Head of Global Markets Division for EMEA, located in London. Career focused on areas such as Global Markets, Treasury, and Finance. Working experience outside Tokyo includes London, Singapore and Bangkok (Thailand).

Education: Hitotsubashi University (Bachelor of Law), Waseda University (MBA), and Haas School of Business UC Berkeley (Visiting Scholar)

Koji Takahashi

Chief risk officer

Sompo Japan Insurance Inc.

Mr. Koji Takahashi is Chief Risk Officer of Sompo Japan Insurance Inc. since April 2024 and responsible for risk management strategy/ framework and ceded reinsurance strategy for Sompo Japan.

Before assuming this role, he was ERM Director from 2021 and Chief Risk Officer of Asia from 2023 at Sompo International.

Prior to his roles in Sompo International, he was General Manager of Risk Management Department of Sompo Holdings, Inc. from 2018 to 2021, and also played Managing Director role of Sompo Insurance Singapore Pte. Ltd. In 2016 and 2017.

He has a degree of MBA from University of California, Irvine (2006), and BA from Sophia University, Tokyo, Japan (1991).

10:2510:50

From crisis to opportunity: resilient and sustainable risk management in an age of Artificial Intelligence (AI)
Presentation

13:00 - 14:00

Terisa Roberts

Global solution lead, risk modelling and decisioning

SAS

Terisa Roberts is the global solution lead for risk modelling and decisioning at SAS, and has two decades of experience in quantitative risk management and advanced analytics. She has helped companies in financial services, telecommunications, government, energy and retail derive business value and make better decisions using risk analytics. Roberts has experience in regulatory compliance, IFRS 9, BCBS 239, model risk management and enterprise stress-testing. She advises banks and regulators on industry best practices in artificial intelligence (AI), automation and digitalisation related to risk modelling and decisioning, and in the responsible use of AI and machine learning. Roberts regularly speaks at international risk conferences on innovation in risk management.

10:5011:20

Networking break

10:40 - 11:10

11:2011:45

Digital transformation: empowering risk and trading with AI and machine learning (ML)
Panel discussion

15:30 - 16:30

AMD logo
  • How technological advancements are impacting risk manager and traders
  • What are the real use cases of AI & ML in risk and trading
  • Processes that artificial intelligence can optimise
  • Concerns of AI & ML uses
     
Naosuke Nakamura

Director of risk analytics

Mizuho Securities

Yutaka Sakurai

Head of AI research institute

AI Finance Application Research Institute

Yutaka Sakurai is data science and AI expert with a strong background in Financial theory and practice. After more than twenty years' experience of fund manager, trader and quant in Bank of Tokyo-Mitsubishi and Sony Bank, he became a managing director of Research and Pricing Technology Inc.  in 2010. He started AI Finance Application Research Institute in 2017. He published a number of books on Finance and AI.

Kumaran Siva

Corporate vice president of data center business development

AMD

Kumaran Siva is a Corporate Vice President responsible for the Software & Systems Business Development inside the Server Business Unit at AMD based in Santa Clara, California. In this role, he is responsible for strategic business development and product management of AMD’s software and systems solutions for AMD EPYC™ processors. Prior to this role, Kumaran managed the Cloud Business group responsible for the hyperscale business.

Kumaran has a broad background in processors and networking having worked at Inphi, Broadcom, ARM, and PMC-Sierra. He has an undergraduate degree in Electrical Engineering from the University of Waterloo, and a master’s degree from Harvard University.

11:4512:25

Clearing and collateral management: new considerations for Japan
Panel discussion

11:00 - 11:30

  • New opportunities and impacts from emerging from the regulatory environment (e.g. EMIR 3.0, Basel 3) 
  • Navigating risks around counterparty relationships and liquidity 
  • Evaluating developments around clearing for STIR swaps, TONA futures, and JPY swaps 
  • Optimising collateral amid current market conditions  
Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

Akiko Tsuji

Market contract senior expert

MUFG Bank

Akiko Tsuji is the Vice President, Global Markets Planning Division of MUFG Bank, Ltd. and has worked at MUFG Bank since 2011. Previously, Akiko Tsuji was at Morgan Stanley MUFG Securities and worked in Transaction Management Group (FID) where she worked on documentation of market contracts.

Shun Yanagisawa

Head of futures, clearing and FX prime brokerage, Japan

Citigroup Global Markets Japan

Shun Yanagisawa is a Director and the Japan Head of Futures, Clearing and FX Prime Brokerage, which sits within the Markets at Citigroup Global Markets Japan Inc.

In this capacity, he is responsible for managing Futures, OTC Clearing and FX Prime Brokerage business.
Prior to joining Citi, Yanagisawa was responsible for sales and marketing at JPMorgan in Japan for over 11 years.


Approx. 20 years industry experience, Yanagisawa regularly participates in public roundtables and serves for multiple industry groups and help advocate stability for the clearing system in derivatives. Shun is the elected board member, Vice President, ExCo and chairman of Operations committee of FIA Japan, interest rate swap steering committee at JSCC, Wholesale market steering committee of TFX, advisory board member of Risk.net ASIA and several working groups member of ISDA. Shun holds an M.B.A. from the University of Wales.  

Neil Salter

Senior vice president of FIC derivatives, repo & ESG sales

Eurex

Tetsuo Otashiro

Director, global policy and regulation, OTC derivative clearing service

Japan Securities Clearing Corporation

Mr. Otashiro has been leading Japan Securities Clearing Corporation’s (“JSCC”) regulatory and policy matters  since 2013, as well as the business development for clearing services for OTC swap. He is also serving as co-chairperson of policy working committee in CCP12, a global association of CCPs, leading the discussions on many common policy and regulatory issues for clearinghouses globally. From 2023, he is serving as a member of Global Market Advisory Committee of the U.S. Commodity Futures Trading Commission.

Prior to JSCC, he held a number of roles in Tokyo Stock Exchange, also a subsidiary of Japan Exchange Group, including as a Listing Examiner, in charge of reviewing applications for listing by domestic and foreign companies, and as a Project Manager in charge of IT developments, such as real-time market data feeds, off-auction equity trades and index calculations. In 2004, he was appointed as the Chief Representative of the Tokyo Stock Exchange’s Singapore Office, and in 2007 he held the position of Head of International Relations at Tokyo Stock Exchange, also serving as the Secretariat of the Asian and Oceanian Stock Exchanges Federation, facilitating the cooperation for the mutual development among APAC markets.

He gratuated from the school of Political Science and Economics in Waseda University.

12:2512:45

Lessons learned from the 2023 banking turmoil and international efforts
Presentation

12:05 - 12:25

Tomoki Tanemura

Deputy director-general of financial systems and bank examination department

Bank of Japan

Tomoki Tanemura is Deputy Director-General, Financial System and Bank Examination Department of the Bank of Japan. Mr. Tanemura has been involved with various works on international financial regulation including the Fundamental Review of the Trading Book (FRTB), the Interest Rate Risk in the Banking Book (IRRBB) and currently serve as a member of Policy and Standards Group (PSG) in the BCBS and Resolution Steering Group in the FSB.

Mr. Tanemura joined the Bank of Japan in 1998, prior to joining the current department he worked for the Financial Market department, International Department and the London representative office. Mr. Tanemura was a member of Japan’s delegates to the FATF when he worked at the Ministry of Finance.

12:4513:45

Lunch

12:30 - 13:30

This stage will focus on the key areas of risk in Japan, including ESG, cyber risk, climate risk and artificial intelligence.

13:4513:50

Chairperson’s opening remarks

13:30 - 13:35

Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

13:5014:25

ESG focus for Japan: what needs to be on your radar
Presentation

14:00 - 14:30

  • Current drivers of environmental, social and governance (ESG) risk 
  • Challenges in addressing ESG risk 
  • How International Sustainability Standards Board standards are impacting the perception of ESG in Japan 
  • How to quantify ESG within your financial institution
Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

Motoko Kuze

Chief sustainable banking officer, sustainable strategy office

Societe Generale

Motoko started her career in 2001 at Mizuho bank Paris branch before joining Societe Generale Group in 2006, where she served for 10 years in Paris and Tokyo to develop the Group’s business with Japanese Financial Institutions.


In 2016, she joined HSBC Asset Management as Fund Manager and contributed to the growth of ESG investment in Japan as Senior Market Specialist. Most recently, Motoko was with RepRisk Japan Limited, established by the world’s largest ESG technology firm RepRisk AG in 2022, as General Manager to support the acceleration of green finance in Japan by best-in-class ESG risk data.

Jason Mortimer

Head of sustainable investment (fixed income)

Nomura Asset Management

Jason Mortimer is Head of Sustainable Investment – Fixed Income and Senior Portfolio Manager at Nomura Asset Management in Tokyo. In this role, Jason is focused on fixed income ESG-integration and sustainable investing in fixed income and credit, as well as Green, Social, Sustainability Bonds and other mainstream impact investment strategies.

Before joining Nomura in August 2017, Jason was a portfolio manager at First State Investments in London responsible for emerging Asia local rates and currencies and USD sovereign debt markets. Prior to that, Jason was Vice President of EM Asia local currency rates and derivatives strategy at JPMorgan where he worked for four years in Hong Kong and Singapore.  In this role Jason was responsible for Emerging Asia duration strategy for the firms Government Bond-Emerging Market (GBI-EM) index series, as well as Asia cash bond, interest rates and derivatives market research. Jason started his career at Bank of America Merrill Lynch in Tokyo where he worked as a sales and trading associate on the Japanese yen rate swap and options desk.

Jason holds a Bachelor of Science in Business Administration (BSBA) from the University of North Carolina at Chapel Hill, and speaks Japanese with JLPT Level 1 certification.

Sachie Ii

Chief sustainability strategist, sustainable business promotion office

Mizuho Financial Group

She engaged in the creation and expansion of ESG Finance(green, social and  sustainability bond) in Japanese market. Participated in various committees and working groups sponsored by METI,MOE etc.
Joined IR/SR Consulting Company in 2003 and has experience in shareholder identification surveys and proxy advisory services.
After joining Mizuho Securities Co., Ltd. in 2007, she worked in the investment banking division and structured finance.
Secondment to Hong Kong in 2015. After that, she was engaged in DCM in Tokyo from 2016.
Since April 2019, she had been worked for ESG finance as a Head of Sustainable Finance Department.
Current position in Mizuho Bank, Ltd  since 2021 and Mizuho Financial Group since December 2021.

14:2514:50

New horizons in fraud and anti-money laundering
Panel discussion

13:35 - 14:00

  • The relationship between third-party risk management and operational risk 
  • Recent developments in cyber risk and how markets need to respond 
  • The new realm of financial technology 
  • Implications of the increase in stringent regulations on data privacy   
Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

Vincent Barzellino

Chief risk officer

SBI Zodia Custody

Vincent Barzellino is the Chief Risk Officer for SBI Zodia Custody, a fintech backed by SBI Group and Standard Chartered, that will offer institutional-grade custody for crypto assets, subject to the necessary regulatory licenses.
In his role, Vincent is building a full-fledge Enterprise Risk Management framework, with a focus on Third-Party risks, Business Continuity, Crisis Management and Operational Risks… Vincent is leveraging on his TradFi expertise to establish a robust control framework in a FinTech environment.
Prior to joining SBI Zodia Custody, Vincent’s experience spanned the 3 lines of defense in diverse functions: Internal Control, Internal Audit and Operational Risk. Vincent ‘s functions covered primarily Market Activities at Société Générale, an investment bank, and Newedge, a Prime Broker, both in Hong Kong and Tokyo.
Vincent holds a double Bachelor of Arts (BA) in International Business Administration from Neoma Business School (France) and Universidad Pontificia Comillas (Spain).
 

Toru Yamazaki

Japan head of global financial crimes

Morgan Stanley MUFG Securities Co., Ltd.

Toru Yamazaki is the Japan Head of Global Financial Crimes at Morgan Stanley MUFG Securities. He oversees the Financial Crimes program for all Morgan Stanley group companies in the Country.

He joined Morgan Stanley MUFG in 2022. Prior to joining Morgan Stanley, he worked for J.P. Morgan as the Japan Head of Financial Crimes Compliance, and at a European global financial institution where he held various leading positions including Japan Head of Anti-Money Laundering Compliance, as well as Advisory for Banking and Trade Surveillance.

He holds a BA in Law from Tokyo University, and is an Advanced CAMS Certified Anti Money Laundering Audit Specialist (CAMS-Audit).

14:5015:20

Networking break

10:40 - 11:10

15:2015:50

An outlook on market volatility and interest rate risks
Fireside chat

15:40 - 16:10

  • The current market environment and its implications for risk managers  
  • Risks for emerging asset classes and the impact on portfolios 
  • Implications of higher Japanese government bond yields on allocation strategies 
  • The risk management tools available allowing access to more transparent benchmark interest rates 
  • What are the top emerging risks for investment portfolios? 
Yuichiro Nakamura

Senior manager of risk management department

Sumitomo Mitsui Trust Bank

Yuichiro Nakamura is the Senior Manager of Risk Management Department, Sumitomo Mitsui Trust Bank, and is responsible for business planning of market risk management.

Mr. Nakamura is now mainly engaged in implementing business operations based on Basel 3 FRTB.

He joined the Sumitomo Mitsui Trust Bank Ltd. in 2007, before joining the current department he was an exotic derivative trader and a product structurer.

He studied financial economics and has a master’s degree and a bachelor’s degree from the University of Tokyo, and is a CMA.

Kouhei Iinuma

General manager, group integrated risk management

SBI Shinsei Bank

Kouhei Iinuma is General Manager of Integrated Risk Management Division in SBI Shinsei Bank. I am managing market risk and quantitative analysis including trading and banking book especially interest rate and FX products. Prior to current position, I was exotic derivative trader and product structurer. I have experienced market for twenty years. I am part-time teacher at Graduate School of Business and Finance, Waseda University.

 

Eiki Tamama

Founder and chief executive officer

Bridge Partners

  • In February 2020 Mr. Tamama joined a real estate investment advisory start-up in Tokyo, PROFITZ K.K. as Chief Investment Officer. PROFITZ is an established development and asset management company focused on residential and office assets in Japan with total AUM of approx. US$200 mn.
  • Prior to joining PROFITZ in February 2022, Mr. Tamama worked for Abu Dhabi Investment Authority from 2013 to 2022, and managed its real estate portfolio as a senior management in the Asia Pacific team. He primarily covered the Japan, Korea and India markets and managed US$4 bn GAV assets on average during his tenor.
  • From 2005 to 2012, Mr. Tamama worked for LaSalle Investment Management and Shinsei Bank. He sourced and made investments for LaSalle Asia Opportunity Fund I & II and acquired US$750 mn GAV assets. He also took fund management role for LaSalle Japan Logistics Fund I & II, and managed US$ 2.5 bn portfolio and led divestment of JLF I portfolio. At Shinsei Bank, Mr. Tamama led sourcing, structuring, pricing, and execution of property backed non-recourse loans. He financed approximately 100 real estate transactions and provided US$8 bn loans over five years.
  • Prior to 2005, Mr. Tamama was engaged in investment in non-performing loans (NPLs) at Daiwa SMBC Principal Investments.
  • Mr. Tamama received a BA from Keio University (Faculty of Economics) and a MS in Real Estate Development from Columbia University. He finished a general management program (GMP) at Harvard Business School. Mr. Tamama is a member of both the CFA Institute and the Royal Institution of Chartered Surveyors.

15:5016:20

Developments in disclosure reporting and transition planning
Panel discussion

15:05 - 15:35

  • The climate risk management outlook in Japan 
  • Regulatory movements and the applications of Task Force on Climate-Related Financial Disclosures reporting in Apac 
  • How risk managers can utilise data and analytics to take control of the challenges brought about the intensified effects of climate change 
  • Conducting climate stress tests for transition and physical risk
Satoshi Ikeda

Chief sustainable finance officer

Financial Services Agency, the Government of Japan

In March 2019, the Financial Services Agency of Japan (JFSA) decided to create the position of Chief Sustainable Finance Officer (CSFO), to plan and coordinate on promotion of sustainable finance internally and globally. Upon its creation he was appointed, and has been serving, as the first CSFO.

In this capacity, he covers a wide range of issues concerning sustainable finance which include, among other things, aligning private finance with the Sustainable Development Goals (SDGs), promoting TCFD disclosures by business corporations and financial institutions alike, acting as Vice-chair of the Impact Investing Roundtable co-organized by GSG National Advisory Board of Japan and JFSA, and serving as Co-chair of the Work Stream on ESG Data and Ratings of the IOSCO Sustainability Taskforce as well as Co-chair of the Work Stream on Climate Disclosures of the FSB.

Masayuki Matsuyama

Senior economist

Development Bank of Japan Inc.

Hirotaka Hideshima

Counsellor

Norinchukin Bank

From April 2021, Hirotaka HIDESHIMA is Counsellor on Global Strategy to President and the Board of Directors of the Norinchukin Bank.  In November 2022, he became a Taskforce member of the Taskforce on Nature-related Financial Disclosures (TNFD).

Hirotaka HIDESHIMA has worked for the Bank of Japan from April 1989 to March 2021.  He has represented the Bank on the Basel Committee on Banking Supervision (BCBS) between August 2010 and September 2012, and then again between January 2018 and March 2019.  He co-chaired the Definition of Capital Subgroup (when it developed the definition of regulatory capital for Basel III), and the Macroprudential Supervision Group (when it developed the G-SIB assessment framework).  From July 2002 to July 2005, he was seconded to the BCBS Secretariat at the Bank for International Settlements.  After being part of a team dealing with Japan’s banking sector problems in the mid-1990s, he served on various working groups of the BCBS.

He was also a member of the Resolution Steering Group of the Financial Stability Board (FSB) and its Official Sector Steering Group on interest rate benchmark reform.  He has also been members of the Committee on Financial Markets of the OECD and the Committee on the Global Financial System (CGFS) of the BIS.

He has published a book entitled “BCBS from the inside: how international financial standards are developed” (in Japanese) in May 2021.

Hirotaka Hideshima studied economics and has a master’s degree from the University of Essex and a bachelor’s degree from Hitotsubashi University in Tokyo.

16:2016:25

Chairperson’s closing remarks

16:30 - 16:35

Shinichi Yoshiya

Executive director and head of regulatory affairs Asia

Morgan Stanley

Shinichi Yoshiya is the Head of Regulatory Affairs for Asia in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters for Morgan Stanley’s Asia region. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.ew York.

This stage will focus on cross-asset trading and derivatives topics, including: emerging markets, trading risks, ESG derivatives & artificial intelligence innovation.

13:4513:50

Chairperson's opening remarks

13:40 - 13:45

Yoshimasa Satoh

Head of business operations

IG Securities Limited

Yoshimasa Satoh, CFA, is Head of Business Operations at IG Securities Limited in Japan.
He is supporting Head of Japan at IG Group / Representative Director and CEO at IG Securities with the development and implementation of initiatives to improve business performances. He deputizes for the CEO, Head of Japan as and when needed.
He sat on the board of CFA Society Japan from October 2018 to October 2022 and played a role as Secretary Officer during his tenure.
He has been in charge of global multi-asset portfolio management, trading, and research and development of technology and data science solutions throughout his career.
Previously, he served as a portfolio manager of Quantitative Investment Strategies at Goldman Sachs Asset Management.
He also worked for Bloomberg and Nasdaq, respectively, and assumed an Asia Pacific client coverage role.
He started his career at Nomura Research Institute, where he led Nomura Securities’ equity trading and portfolio management technology teams.
He earned the CFA Institute Certificate in ESG Investing and holds bachelor’s and master’s degrees of engineering from the University of Tsukuba.
 

13:5014:20

Trading risks and multi-asset trading in Japan
Panel discussion

11:30 - 11:55

  • The latest updates on derivatives trading and pricing, counterparty risk and valuation adjustments 
  • How the market has embraced the secured overnight financing rate 
  • Optimising collateral in current market conditions 
  • Technologies available to address current and future volatility  
  • Modelling and managing risk in trading books  
Yoshimasa Satoh

Head of business operations

IG Securities Limited

Yoshimasa Satoh, CFA, is Head of Business Operations at IG Securities Limited in Japan.
He is supporting Head of Japan at IG Group / Representative Director and CEO at IG Securities with the development and implementation of initiatives to improve business performances. He deputizes for the CEO, Head of Japan as and when needed.
He sat on the board of CFA Society Japan from October 2018 to October 2022 and played a role as Secretary Officer during his tenure.
He has been in charge of global multi-asset portfolio management, trading, and research and development of technology and data science solutions throughout his career.
Previously, he served as a portfolio manager of Quantitative Investment Strategies at Goldman Sachs Asset Management.
He also worked for Bloomberg and Nasdaq, respectively, and assumed an Asia Pacific client coverage role.
He started his career at Nomura Research Institute, where he led Nomura Securities’ equity trading and portfolio management technology teams.
He earned the CFA Institute Certificate in ESG Investing and holds bachelor’s and master’s degrees of engineering from the University of Tsukuba.
 

Hiroyuki Motoyoshi

Credit portfolio management office and xVA management senior expert

MUFG Bank

Mr. Motoyoshi is responsible for planning and quantitative analysis at XVA desk. He is engaged in implementing XVA reduction framework and FRTB-CVA.
He graduated from the Graduate School of Information Science and Technology of the University of Tokyo, and is a FRM.

Shigefumi Yasuda

Head of XVA trading

Mizuho Bank

Tetsuaki Anis Yasuda Tabboush

Country manager

Murex

As a Country Manager, Anis participates in pre-sales, project delivery and client services in multiple business domains.

Most recently, Anis has been actively involved in the Risk Management domain implementing Market Risk and CVA Solutions, and is also taking part in deploying the Murex SaaS model for front office activities of a Japanese customer.

Based in Tokyo, he collaborates closely with his counterparts in APAC and EMEA including the product development division ensuring a solid solution design and deployment for clients.

Since joining Murex in 2006, Anis has led numerous implementation projects in the areas of Commodities trading, Market Risk & Credit Risk, and was in charge of production support management for several clients.

14:2014:50

Managing interest rates and creating trading opportunities in Japan
Panel discussion

14:35 - 15:05

Numerix logo
  • Key considerations for market traders in 2024 and beyond 
  • The impact of three-month Tokyo overnight average rate futures on global investors  
  • Implications of the reintroduction of interest rate desks for Japanese financial institutions 
  • Navigating trading restrictions and regulatory policies
  • The opportunities associated with technological integration into trading desks
Shinichiro Arie

Chief investment officer

Amundi Japan

Shin Arie joined Amundi (former Société Générale Asset Management) in 2004 as a senior portfolio manager of both domestic and global fixed income portfolios and was appointed as Head of Fixed Income Department in 2006, and then as Chief Investment Officer / Head of Investment Management Division in 2020. Prior to joining Amundi, he was a senior portfolio manager at Toyota Asset Management (current Sumitomo Mitsui DS Asset Management), from 1999 to 2004, to manage global fixed income portfolios in both active and passive methodologies for Japanese financial institutions including pension funds. He started his investment career as a portfolio manager at Chiyoda Fire and Marine Insurance (current Aioi Nissay Dowa Insurance) in 1991 and experienced the portfolio management of Japanese/US/Global fixed income as well as derivative trading including JGB futures/options and swaps for 6 years in Tokyo and then equity portfolio management for 2 years in London.

Shin holds BEs from Kyushu University, and MBA in finance from Yokohama National University. He is a CFA charterholder.

Tatsuo Ichikawa

Managing director and head of quant team

Japan Post Bank

Tatsuo is Managing Director and Head of Quant Team in Investment Division at Japan Post Bank since 2016. He is responsible for all quantitative analysis including asset allocation, front risk management and investment strategies as well as developing trading systems for the investment division. Prior to joining Japan Post Bank, his career started with Morgan Stanley Japan in 1999 as Interest Rate Strategist after graduating from Graduate School of Waseda University with a Masters Degree in Mathematics.  In 2005, he joined ABN AMRO Securities Japan, which was subsequently integrated into RBS Securities Japan, as head of Japan Research.

Tatsuo rejoined Morgan Stanley Japan in October 2009 and became head of JGB/swap trading and sales desk.  He was promoted to Managing Director in 2010 and appointed Head of Japan Interest Rate Product Group.  He was named Co-Head of Japan Fixed Income and appointed to a Board member of Morgan Stanley Japan Holdings in January 2013. His last role at Morgan Stanley MUFG was Head of Japan Fixed Income Trading.

While working at Japan Post Bank, Tatsuo is teaching fixed income investments and ALM strategy at Tokyo Metropolitan University where he earned PhD in Business Administration.

Kaize Huang

Vice president of product management

Numerix

Kaize is the Vice President of Product Management at Numerix Singapore, where he leads the strategic planning and development of trading products within the Numerix Oneview product suite.

Before this role, he worked as a financial engineer and quantitative analyst, specializing in derivative markets for clients across various regions.

Kaize holds advanced degrees from the Tokyo Institute of Technology and the University of Paris 1. His extensive technical and market expertise is instrumental in driving product excellence and ensuring high levels of client satisfaction.

Atsushi Mizuno

Former policy board member

Former Bank of Japan


September 2002 -  March 2003: council member, council for establishing of
JAPAN POST, selected by P M. Junichiro Koizumi


January 2004 - Aug 2004: Vice Chairman, Deutsche Securities, Tokyo.


Sep.13 - Dec .2, 2004: Managing Director, Co Head of Research & chief fixed
income strategist , Credit Suisse First Boston, Tokyo


Dec.3, 2004 – Dec. 3, 2009: Member of Policy Board, the Bank of Japan.


January 1, 2010 – March 2012: Managing Director, Vice Chairman - Fixed Income, APAC, Credit Suisse (Hong Kong).


April 1, 2012 - April 8, 2019: Managing Director, and Vice Chairman and Member of Board of Directors, Credit Suisse Securities (JAPAN) Member of Board of Directors, Credit Suisse Securities (JAPAN) Limited.


January 2019 - August 20202020: Director, Audit and Supervisory Commit: Director, Audit and Supervisory Committee Member, Joyson Safety Systems Japan K.K.

14:5015:20

Networking break

14:30 - 15:00

15:2015:50

The future of stablecoin and digital securities in Japan
Fireside chat

11:00 - 11:30

  • The general sentiment towards cryptocurrencies for traders 
  • The implications of developments with the Osaka Digital Exchange 
  • Opportunities and challenges of central bank digital currency developments in Japan 
  • Developments in digital securities and stablecoin settlements 
Yoshihiko Uchida

Professor

Shunan University

Hiromi Yamaoka

Chairperson & board director and group chief security officer

Digital Currency Forum (Japan) & Future Corporation

Chairperson, Digital Currency Forum in Japan

Board Director and Group CSO, Future Corporation

Chief Advisor for International Finance, Tokyo Metropolitan Government

Hiromi Yamaoka is a leading expert of economic policy in Japan. He has experienced various policy-related positions in the Bank of Japan. He served as Director-General of the Markets Department from 2013 and as Director-General of Payments and Settlement Systems Department from 2015. He served also as Alternate Executive Director of the IMF and Member of the Basel Committee. After the retirement from the Bank of Japan he has been serving as the Chairperson of the Digital Currency Forum and Chief Advisor for International Finance in Tokyo Metropolitan Government. He graduated from the University of Tokyo School of Law (LL.B.) and the University of California at Berkeley School of Law (LL.B.).  He is attorney at law in New York State.

His publications include The Future of Central Banking (Accounting, Economics, and Law, 2019), Digital Innovation, Data Revolution and Central Bank Digital Currency (co-authored with Noriyuki Yanagawa, BOJ working paper, 2019), and Digital Currencies and the Future of Money (The Future of Financial Systems in the Digital Age, 2022)

15:5016:20

How investors can integrate ESG into portfolios
Panel discussion

15:00 - 15:30

  • When considering ESG investing, how do you conduct your ESG analysis? 
  • What are key developments in the ESG products landscape in Japan and across the world? 
  • What do you think is necessary to successfully integrate ESG into investment portfolios? 
Kazunari Ohashi

Representative Director

CLSA Securities Japan Co. Ltd.

Mr. Ohashi is a graduate of Tokyo University, later studied at Harvard Law School, and is an attorney at law from the New York State Bar. He started his career with the Bank of Japan where he was based in the Financial System Department. Following that he did a secondment as a Senior Economist at the IMF, before returning to the Bank of Japan as a Director of the Bank Supervision Department. He has subsequently held senior level positions within 3 other financial institutions before joining CLSA, Japan in 2018 as the Head of Compliance.

His publications include "Japan’s Distressed-Debt Market” (May 2004, IMF Working Paper), "A Case for Reforming the JGB Market” (July 1998, Bank of Japan Working Paper), "Experiences of Three Eastern European Countries During the Russian Crisis – An Analysis of “Contagion’” ( March 1999, Bank of Japan Working Paper)”.

Yasunori Iwanaga

Chief responsible investment officer

Amundi Japan

Yasunori Iwanaga represents Amundi in Japan on responsible investment and oversees the local stewardship activities. He joined Amundi Japan in 2014 as CIO and headed its investment platform for six years. Prior to this role, Yas was a managing director and CIO at BlackRock Japan, the former Barclays Global Investors Japan. He started his career in the asset management industry in 1997 at the former Nippon Credit Bank. Yas earned his BA in law from Hitotsubashi University, MBA from the Wharton School, the University of Pennsylvania, and PhD in Finance from EDHEC Risk Institute. 

Aaron Lloyd

Director

SOMPO Japan DC Securities

A career in pensions and asset management for over 12+  years with a particular focus on corporate pensions and the defined contribution (DC) pension in Japan. Experience includes: strategy, sales and marketing, relationship management, pension design and consulting, and plan communications. He has also written several reform and advocacy publications directed towards the Japanese government and ministries based on global best practices. And also currently serves as a vice-chair on the Investment Management Committee of the American Chamber of Commerce in Japan (ACCJ). Prior to the pension industry, he held several roles in capital markets at global investment banks. A career in pensions and asset management for over 12+  years with a particular focus on corporate pensions and the defined contribution (DC) pension in Japan. Experience includes: strategy, sales and marketing, relationship management, pension design and consulting, and plan communications. He has also written several reform and advocacy publications directed towards the Japanese government and ministries based on global best practices. And also currently serves as a vice-chair on the Investment Management Committee of the American Chamber of Commerce in Japan (ACCJ). Prior to the pension industry, he held several roles in capital markets at global investment banks. 

16:2016:25

Chairperson's closing remarks

13:30 - 13:35

Yoshimasa Satoh

Head of business operations

IG Securities Limited

Yoshimasa Satoh, CFA, is Head of Business Operations at IG Securities Limited in Japan.
He is supporting Head of Japan at IG Group / Representative Director and CEO at IG Securities with the development and implementation of initiatives to improve business performances. He deputizes for the CEO, Head of Japan as and when needed.
He sat on the board of CFA Society Japan from October 2018 to October 2022 and played a role as Secretary Officer during his tenure.
He has been in charge of global multi-asset portfolio management, trading, and research and development of technology and data science solutions throughout his career.
Previously, he served as a portfolio manager of Quantitative Investment Strategies at Goldman Sachs Asset Management.
He also worked for Bloomberg and Nasdaq, respectively, and assumed an Asia Pacific client coverage role.
He started his career at Nomura Research Institute, where he led Nomura Securities’ equity trading and portfolio management technology teams.
He earned the CFA Institute Certificate in ESG Investing and holds bachelor’s and master’s degrees of engineering from the University of Tsukuba.