The 2014 Trading Technology 40: Oki Matsumoto

2014-02-jeffrey-kutler-trading-tech-40-oki-matsumoto-small.jpg

2014-02-jeffrey-kutler-trading-tech-40-oki-matsumoto.jpg
27
Oki Matsumoto
Chairman and CEO
Monex Group
Last year: 30

Japan’s Nikkei 225 index surged 64 percent in the year after Prime Minister Shinzo Abe took office in December 2012, and that was a boon to Monex Group. The Tokyo-based online brokerage company that Oki Matsumoto founded in 1999 and has since expanded internationally reported net income of ¥6.7 billion ($65 million) in the six months through September, a 435 percent year-over-year increase. Active account holders totaled 881,000 at the end of November, up 7.4 percent from a year earlier, while client assets climbed 39 percent, topping ¥3.2 trillion. “My priorities for 2014 are continued expansion of our global products, development of systems to acquire more active traders in Japan, exploitation of our B2B business and acquiring customers in mainland China,” says chairman and CEO Matsumoto, 50. The University of Tokyo law graduate and former Salomon Brothers Asia and Goldman Sachs Japan investment banker obtained backing from Sony Corp. to launch Monex back when Internet commerce was just picking up steam. In 2010 the firm acquired Hong Kong’s Boom Group, parent of Boom Securities, Matsumoto’s road into China. The following year Monex added two U.S. online platforms: e-brokerage TradeStation Group and foreign exchange network IBFX. Matsumoto stresses the development of “new services that set us apart from the competition” across multiple regions and asset classes.

See also Matsumoto’s profile in the 2013 Trading Technology 40.



< 26. Jamie Selway | The 2014 Trading Tech 40 | 28. Jamil Nazarali >

Related