Collateral Management Japan Forum 2021

Join leading regulators, treasury and risk practitioners and OTC derivatives experts to discuss the outlook for Japanese derivatives, repo and securities markets; strategies in complying with new regulations, effective ways in collateral optimisation and innovative ways in managing trading costs.

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The 8th Annual 

Collateral Management Japan logo

September 15, 2021 | Virtual Conference

Organised by

275

Delegates

Engage with 275+ CROs and risk professionals across our in-person and virtual events

180

Firms

Leading international and local financial institutions

100

C-suite

The most influential decision-makers from buy-side firms and banks

25

Speakers

World class line-up featuring regulators and industry experts

The complexity of the Japanese OTC derivatives market has always provided a plethora of challenges. With the pandemic and pushing of regulations, the grace period has ended and initial margin phases 5 and 6 deadlines are approaching. These have all been at the forefront of the minds of the Japanese collateral management experts and those at the trading desks. The main themes include regulatory compliance, understanding pre-trade requirements, operations, and managing risks.

Shigeyuki Akita

Managing Director, Money Laundering Control Office, Compliance Control Department

Daiwa Securities Group Inc.

Shuichi Hayashida

Head of Japan & Vice Head of Southeast Asia

World Bank Group, MIGA

Shuichi Hayashida is Head of Japan and Head of Southeast Asia for the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.

Hayashida works out of Tokyo office to further the World Bank Group’s mission of ending extreme poverty and boosting shared prosperity through collaboration with Japanese investors and their partners. To that end, MIGA supports investments in regions where capital is most scarce. MIGA is now the leading political risk insurance provider in fragile and conflict affected countries.

Previously he worked for MUFG Bank (formerly The Bank of Tokyo-Mitsubishi UFJ) out of Singapore, London, Tokyo with focus on project finance transactions in his capacity as both financial advisor and lender covering energy sector globally. He also worked on large scale-acquisitions, merger and divestment projects in Asia.

Hayashida has a Master of Laws from University of London, Master of Science in Finance from the Kelley School of Business, Indiana University. He is also a US-certified CPA and a Japanese CMA (chartered member of the Security Analysts Association of Japan).

Susumu Higaki

Director, Head of XVA quant modelling

MUFG Bank

Susumu Higaki is Head of XVA quant modelling at MUFG Bank and managing global XVA quant group including two securities firms in London & Tokyo. Prior to the current role, he worked as rates exotics & credit derivatives quant and was heavily involved in the industry initiative to develop the SIMM for the Uncleared Margin Rule. He has Bachelor’s & Master’s degrees in physics from Kyoto University.

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Tatsuo Ichikawa

Director, CIO Office Quants Team

Japan Post Bank

Tatsuo is Managing Director and Head of Quant Team in Investment Division at Japan Post Bank since 2016, and he is a member of the ALM Committee. 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. From 2018, he is also responsible for Rates and FX Department. 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.

Kouhei Iinuma

Section Head, Group Integrated Risk Management Division

Shinsei Bank

I am Section Head of Integrated Risk Management Division in 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.

 

Shinobu Imamura

General Manager, Risk Management Department

Sompo Holdings, Inc.

Mr. Shinobu Imamura is General Manager of Risk Management Department of Sompo Holdings, Inc. He assumed the role in April 2021 and has been responsible for overall risk management of Sompo Group. He is responsible for managing whole spectrum of risks around the complex business portfolio of Sompo Group by making robust Enterprise Risk Management framework.

Prior to his current position, he has been engaged in building the ERM framework of Sompo Group since 2011 and led the development of Group’s Risk Appetite Framework and Risk Control System. In 2018, he contributed to the company obtaining the “Strong” ERM assessment from S&P, the highest rating for an insurance company in Japan.

His prior responsibilities also include Financial Guarantee Division (2006 to 2011), Bond management Division (2004 to 2006), Credit Division (2000 to 2004) and Retail sales Department (1995 to 2000) of Sompo Japan Insurance, Inc.

He has a BA of economic at Nagoya University (1995).

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Shinichiro Itozaki

Senior Manager

MITSUBISHI UFJ MORGAN STANLEY SECURITIES Co. Ltd.

Dr. Shinichiro Itozaki is a Senior Manager of Financial Engineering Division at Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Dr. Itozaki is responsible for planning and quantitative research of XVA, ISDA SIMM, interest rate benchmark reform, and OTC derivatives market reform in general. Dr. Itozaki received a Ph. D. in Mathematical Sciences from the University of Tokyo.

Sotaro Kato

Chief Risk Officer

Nomura

Sotaro Kato is Executive Managing Director and Chief Risk Officer at Nomura Holdings, Inc.

Mr. Kato served as Co-CRO for Nomura Holdings, Inc. and CRO for Nomura Holdings America between 2016 and 2020.

He was the Head of Group Risk Management for Nomura Holdings, Inc. from 2014 to 2016. Prior to that, Mr. Kato managed
various sales and trading activities for Global Markets in both Japan and in the Americas.

Before joining Nomura in 2002, Mr. Kato served in various roles at the Bank of Japan for 10 years and his final assignment
was a chief trader for the Open Market Operations desk.

Mr. Kato graduated from the University of Tokyo in 1992 and earned MBA from the University of Chicago in 1998.

Eriko Kawano

Chief Manager, Legal Department & Securities Operations Department

Nippon Life Insurance Company

Professional Career     :

2010: Joined Nippon Life Insurance Company: Assistant Manager, Legal Department

2015: Vice President, Nippon Life Asia Pacific Reginal H.Q. (Singapore) (Seconded)

2018: Manager, Structured Finance Department

2020: Manager, Legal Department

2021: Chief Manager, Legal Department & Securities Operations Department

Certificate: Attorney at Law (Admitted in Japan, 2009)

Ignacio Ohno

Chief Risk Officer

Credit Suisse

Ignacio Ohno is the Chief Risk Officer for Japan and Korea at Credit Suisse and is based in Tokyo. He has over 20 year experience in the finance industry assuming roles in risk management and trading covering Asian and Latin American markets. Mr. Ohno received an MBA and MS (in Statistics and Operational Research) from New York University and a BS in Business Administration from Boston University.

John Place

Director, Head of Credit Risk Japan

Barclays

John Place is Head of Credit Risk Management at Barclays Japan. After graduating from International Christian University in 1988 and beginning his banking career as a new grad working for Fuji Bank, John has worked in the financial industry for his entire career based in Tokyo, with the exception of two years he spent in Chicago. Prior to joining Barclays, John worked for JP Morgan and its legacy institutions for 15years. Away from work, John cares passionately about the Citizenship and Diversity, and has provided a variety of training sessions for students to connect them with employment opportunities. John holds a bachelor of arts degree from International Christian University, Tokyo and an MBA from the University of Washington.

Kiyotaka Ryu

Chief Risk Officer and Chief Administrative Officer

Nikko Asset Management

Kiyotaka Ryu is leading the global risk management function as Chief Risk Officer since December 2018 and is also responsible for overall business planning and management to support Middle and Back Office functions as Chief Administrative Officer since July 2018.

Kiyotaka Ryu joined the Internal Audit Department of Nikko AM in September 2007 and went on to become the Head of Internal Audit where he led the Nikko AM Group’s Internal Audit practice for three and a half years.

Before joining Nikko AM, he worked for KPMG, as a financial and technology auditor. He served clients from various industries including the financial sector.

He is a qualified accountant and a member of American Institute of Certified Public Accountant.

He graduated from Waseda University with a Bachelor of Arts in Human Sciences and has also received a Master of Professional Accounting Degree from University of New South Wales.

Kojiro Shidara

Head of Risk Management

ewarrant Japan Securities

Presently 

eWarrant Japan Securities   Head of risk management   

・Develop crypto currency derivative product and establish risk management structure 

・Manage option trading risk management and encourage tail risk management

・Establish risk appetite framework and introduce new VaR model for option trading

Previously

Gibraltar Life Insurance    managed ALM risk  

PCA Life Insurance  Formulated and implemented investment strategy.

Citigroup   conducted credit risk analysis

Seiichi Tanaka

General Manager, Wholesale Operations Planning Office

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Seiichi Tanaka is General Manager of Wholesale Operations and Procedures Planning Office, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Since 2008, Mr. Tanaka has been actively engaged in a variety of projects related to international financial regulations, including central clearing, trade reporting, margin requirements and benchmark reform.

Mr. Tanaka graduated from the School of Political Science and Economics of Waseda University in Tokyo, Japan, and is a U.S. CPA (Certified Public Accountant).

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Shun Yanagisawa

Japan Head of Futures, Clearing and FX Prime Brokerage

Citigroup Global Markets Japan Inc.

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

In this capacity, he is responsible for managing Futures agency execution, electronic execution and clearing, OTC Clearing and FX Prime Brokerage business. He is the member of APAC regional FCX management team. 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 for both Futures and OTC clearing. 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 and several working groups member of ISDA. Shun holds an M.B.A. from the University of Wales.

Shinichi Yoshiya

Executive Director, Legal & Compliance

Morgan Stanley MUFG Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. 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.

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Miyuki Zeniya

Head of Sustainable Finance

The Dai-ichi Life Insurance Company, Limited

Ms. Miyuki Zeniya is Head of Sustainable Finance at The Dai-ichi Life Insurance Company whose AUM is about 35 trillion yen. She is responsible for ESG integration and promoting sustainable finance for all assets.

After she joined the Dai-ichi Life in 2013, she had been responsible for engagement and proxy voting since The Dai-ichi Life expressed the agreement with Japan’s Stewardship Code in 2014.

Prior to joining The Dai-ichi Life, she was a managing advisor for Polaris Capital Group and led a role to value up the investee companies as their board member. Prior to this she was Deputy President of Japanese regional bank, which was the first full-time female board member of banking industry in Japan. She also had an experience to lead IPO as CFO of HR consulting firm in 2000. She graduated with a bachelor’s degree in International Relations from Tokyo University of Foreign Studies. She started her career at Nomura Research Institute.

She was a member of a Forum for Integrated Corporate Disclosure and ESG Dialogue by METI and a member of PFA 21 Task Force for ESG Financial Strategy by MOE. From April of 2019 she is a member of Working Group of the NAP on Business and Human Rights by MOFA. She is also a member of PRI Japan Network Advisory Committee.

Prominent regulators and industry experts

Collateral Management Japan brings together senior professionals from major regional and global financial institutions and regulators to analyse the impact of global regulatory reforms and to share best practices in managing evolving OTC derivatives regulations, practical strategies in clearing and settlement as well as innovative solutions in collateral optimisation.

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Vibrant meeting place for finance and derivatives experts

Each year the conference provides a platform for leading regulators, treasury professionals, risk practitioners and OTC derivatives experts to discuss the outlook on Japanese derivatives, repo and securities markets; strategies in complying with new regulations, effective ways in collateral optimisation and innovative ways in managing trading costs.

Discussions and analysis for collateral optimisation

Collateral Management Japan is dedicated to providing risk and finance professionals with practical insights on managing margin requirements and collateral challenges.

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Key Themes:

  • The latest on regulations for initial margin
  • Preparing for the LIBOR transition with OTC derivatives
  • Understanding pre-trade requirements and finding the cheapest route
  • Building strong coherent collateral management operations
  • Maximizing liquidity while managing collateral management risks

View the programme 

Past delegates

Collateral Management Japan delegates