The two new team members will facilitate product innovation and client coordination, while strengthening the firm's value proposition in the country.
Global custodian State Street is expanding its sales team in Japan with the appointments of Fumihiko Yonezawa as deputy president and Ryo Nakamura as head of sector solutions, the firm announced in a statement on Friday.
The pair, who are based in Tokyo, report to Jason Rich, APAC head of sector solutions and Mark Hamilton, president.
«We continue to see Japan as a significant growth market for our Asia-Pacific business and we will continue to invest in and expand our sales team at State Street Trust and Banking to pursue our segment strategy and to serve the growing demand from Japanese clients,» Hamilton said about the appointments.
Japan Sales Experts
Yonezawa joins from J.P. Morgan, where he spent eight years as managing director and Japan head of investor services for eight years. He was previously a general manager at Mizuho Trust & Banking. In the newly created role, he will focus on developing and supporting sales opportunities, including strengthening State Street’s client segment strategy in Japan and deepening client relationships, the statement said.
Heading State Street's sales team in Japan, Nakamura will be responsible for identifying, expanding and deepening revenue opportunities among asset managers, asset owners, insurers, official institutions, alternatives and wealth management, as well as offer cross-enterprise solutions. He joins from Bloomberg, where he spent 13 years, most recently as head of its Enterprise Buyside Solutions team in Japan.
