Event
DescriptionAs one of the major representatives of successful entrepreneurs in Japan, Oki Matsumoto will talk about the story of why, as a non-English speaker at the time, he decided to join a US-based company in the 80s, especially at a time when Japanese banks were so strong, about becoming a General Partner of Goldman Sachs, and why, at the height of his career, he decided to establish a business of his own. Matsumoto, rather than being a market follower, is known to be a contrarian, and although he was successful in his reading of the future of brokerages in Japan, what is the importance, as well as risk of being a contrarian? He will discuss the challenges he and the company face in this time of financial uncertainty, and difficulties of its recent advancements into China. He will also go into how the flow of money has changed in the past few years, and in the midst of this change, what the best way become a successful entrepreneur is.
Speakers
Oki MatsumotoFounder and CEO, Monex, Inc.Oki Matsumoto is currently the CEO and founder of Monex Group, Inc., as well as its largest subsidiary, Monex, Inc., one of the biggest online brokerage firms in Japan. Matsumoto jointly established (the former) Monex, Inc. with Sony Corporation in April 1999. He is known as one of the major representatives of successful entrepreneurs in Japan. Monex Group., Inc. is now listed on the First Section of the Tokyo Stock Exchange and has 10 subsidiaries and 1 affiliate. The Monex Group is a new kind of investment bank, with a debt & equity underwriting division, M&A advisory subsidiary, asset management subsidiary focusing on alternative investments, investment education institution, and other investment banking functions along with an online distribution network to individual investors in Japan. It also has a representative office in Beijing, China, and the company is currently in the process of establishing a joint venture to teach financial education in China, and is also setting up a separate representative office in order to aim for the establishment of an online brokerage in China. He currently serves as an external Board member of the Tokyo Stock Exchange Group, Inc., Tokyo Stock Exchange, Inc. and Shinsei Bank, Limited. He is also a commissioner of the Securities Industry Council of Japan Securities Dealers Association and a member of Board of Governors of the Financial Futures Association of Japan. Before founding the Monex Group, Matsumoto worked for Goldman Sachs Japan Co., Ltd. where he was responsible for the FX and fixed income products and related risk management, and at 30 years old, was the youngest member to become General Partner at the time. Prior to joining Goldman Sachs, he began his career at Salomon Brothers Asia, Ltd. Matsumoto has been involved in various economic and social activities, such as taking part in the World Economic Forum as a Global Leader for Tomorrow in 2001. He is a Trustee of the Japan Foundation in support of Human Rights Watch, initially helping them to launch operations in Japan. In addition, he personally supports domestic contemporary artists and social entrepreneurs. He received his BA from the Faculty of Law of the University of Tokyo in 1987.
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