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.
Engage with 275+ CROs and risk professionals across our in-person and virtual events
Leading international and local financial institutions
The most influential decision-makers from buy-side firms and banks
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.
Managing Director, Money Laundering Control Office, Compliance Control Department
Daiwa Securities Group Inc.
Head of Japan, Senior Underwriter
World Bank Group, MIGA
Shuichi Hayashida is Head of Japan and Senior Underwriter 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 Science in Finance from the Kelley School of Business, Indiana University, a Master of Laws from the Florida Coastal School of Law, a Graduate Diploma in English Law from the BPP Law School in the UK, and a BA in Economics from Keio University.
He is also a US-certified CPA and a Japanese CMA (chartered member of the Security Analysts Association of Japan).
Director, Head of XVA quant modelling
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.
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.
Section Head, Group Integrated Risk Management Division
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.
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).
Chief Risk Officer
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.
Chief Risk Officer
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.
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.
Head of Risk Management
ewarrant Japan Securities
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
Gibraltar Life Insurance managed ALM risk
PCA Life Insurance Formulated and implemented investment strategy.
Citigroup conducted credit risk analysis
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).
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.
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.
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.
- 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