Saturday, 30 April 2016
Last updated 9 hours ago
Dec 1 2010 | 6:57am ET
Financial advisory firm StormHarbour Partners has launched a broker-dealer in Tokyo headed by former Citigroup deputy president Michimasa Naka.
StormHarbour Japan, as the new company is called, has been established through the integration of NSH Securities into StormHarbour Partners and remains subject to regulatory approval.
With Naka as CEO and managing principal, StormHarbour Japan is the latest step in the firm’s Asia-Pacific expansion, which saw it opening broker-dealers in Singapore and Hong Kong in the first quarter.
Naka, who has over 20 years of investment banking and global markets experience, told Bloomberg that investors tend to miss opportunities in Japan: “There are many undervalued Japanese companies that we can provide access to our global clients—our rivals are the major brokerages around the globe.”
Naka will lead a team of 13 providing institutional investors, corporates and high-net-worth clients in Japan with specialist advice and services in sales and trading, structuring and advisory, capital markets, across fixed income, equities and alternative investment products.
StormHarbour Partners was founded in March 2009 in London and New York by Antonio Cacorino and Fredrick Chapey, both formerly of Citigroup. The Tokyo office is its sixth, worldwide.