Data management services provider Asset Control has opened a new office in Tokyos financial district and appointed Hidet Kobayashi as country manager. The company intends to target the countrys trading and investment firms by providing local solutions incorporating both international as well as domestic data and business practices.
Kobayashi joins from a major capital market solutions provider where he was responsible for business development and project delivery. He has also served at many international organizations including Thomson Reuters.
Japan is at a turning point in its financial markets infrastructure, said John Mitchell, vice president of Global Sales, Asset Control. Market participants have become much more global in their outlook, and whether its the Japanese FSAs interpretation of the Basel III accord or banks looking increasingly for international trading strategies, a more complex operating environment is inevitable. The changes are having an explosive effect on the amount of data market participants need to consume and consequently, firms must turn their attention to the frameworks supporting their data management and data governance processes.