Tokyo has been one of the leading financial centres in the world for many years. In the 27th Global Financial Centres Index, published in March 2020, Tokyo rose to third place in the global rankings. In this webinar, we heard from FinCity Tokyo about the current position of Tokyo and its plans for continued development.
Hiroshi Nakaso, Chairman, FinCity.Tokyo, Keiichi Aritomo, Executive Director, FinCity Tokyo, and Professor Michael Mainelli, Executive Chair of Z/Yen, spoke about key developments in Tokyo and its strengths as a leading global financial centre.
Hiroshi Nakaso was appointed chairman of the Daiwa Institute of Research (DIR) in July 2018 after completing his term as Deputy Governor of the Bank of Japan. He served as the Deputy Governor of the BOJ since March 2013. In his 39 years at the Bank, his main responsibilities have been crisis management of financial systems and markets focusing on global systems. Mr. Nakaso joined the Bank of Japan in 1978 and he was assigned to the London Representative Office from 1987 until 1989. He dealt with the homegrown financial crisis of the 1990s. He headed the exit operation from the Quantitative Easing Policy, a prototypical unconventional policy that lasted from 2001 to 2006. In addition, he played an instrumental role in addressing the Global Financial Crisis together with his peers at major central banks including the FRB. He has participated in numerous international meetings, and during his terms as Director-General of the Financial Markets Department and Assistant Governor, he chaired the BIS Markets Committee and Working Group on Financial Reference Rates, as well as the G20 Study Group on Commodities. Nakaso was appointed chairman of a new organization to promote Tokyo as a global financial center. The new organization is known by its abbreviated name, “FinCity Tokyo”.
Keiichi Aritomo is Executive Director of FinCity.Tokyo. Keiichi is also a co-founder and Board Director of JIAM (the Consortium for Japan International Asset Management Center. He is also Asia Head of Kensho Technologies, LLC, a leading financial AI solution provider and a subsidiary of S&P. Keiichi used to be a Partner at McKinsey & Company, Deloitte and PwC, where he specialized in financial services industry and technology strategies across North America, Europe, Southeast Asia and Japan. He has co-authored several books including “Single View of Customer for Financial Institutions” published from Kinzai and Shanghai Communication University Press both in Japanese and Mandarin.