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Measuring Risk and Return in Japan through Upheaval and Uncertainty
12/08/2022 @ 12:30 pm - 1:30 pm
ABOUT THIS EVENT
Thursday, December 8, 2022 | 12:30 — 1:30 PM (Lunch will be provided)
Room 820 (New Location), Kravis Hall, Columbia Business School (Map)
(665 West 130th Street, New York, NY 10027)
Chairman of the Board and CEO, Monex Group, Inc.
Project Director for Japanese Corporate Governance and Stewardship, Center on Japanese Economy and Business, Columbia Business School
What you will learn:
One stereotype of Japanese companies and executives is that they are risk-averse. Mr. Matsumoto is one example of a business leader that challenges this perception. He began his career by taking a big risk: rather than joining a Japanese ministry or a large, established Japanese company, he took a job at a foreign investment bank. After becoming the youngest partner at Goldman Sachs, he left just before the IPO of Goldman Sachs and gave up those benefits in order to establish Japan’s first internet brokerage, Monex. Monex has taken a number of counter-intuitive investments, such as acquiring Coincheck, a crypto asset trading service, soon after it had been the victim of a $530mn hack. Mr. Matsumoto will discuss his approach to managing the risks of a global business built on technological disruption in an era of increasing geopolitical and market instability—and whether Japan deserves its reputation as a risk-averse culture.
About the speaker:
Oki Matsumoto was born in 1963 and received a BA in Law from the University of Tokyo (1987). He began his career at Salomon Brothers and joined Goldman Sachs in 1990, and became General Partner in 1994 at the age of 30, the youngest ever at that time. He took charge of trading, risk management, and capital markets businesses in Asia, and also founded the special situations unit at Goldman Sachs. In 1999, he founded Monex, which was jointly capitalized with Sony. Monex is listed on the Prime Market of the Tokyo Stock Exchange where he is presently Chairman & CEO.
Monex Group has grown to become a major online financial institution that operates online retail brokerages in Japan, the U.S., China (including Hong Kong), and Australia. In addition, with the acquisition of Coincheck in April 2018, the crypto-asset business became one of the core pillars of the business segments. In January 2020, Monex established Japan Catalyst, an investment advisory arm, to pursue investment returns through proposals to and engagement with listed Japanese companies to stimulate Japanese capital markets.
He served as Financial Counsel to the Prime Minister and also as an outside director of several companies, including the Tokyo Stock Exchange from June 2008 to 2013. He presently is an outside director of Mastercard, Incorporated and also a Vice Chair of Human Rights Watch.
Admission and Contact:
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