New Business Opportunities in Japan for Overseas Asset Managers 2022

Ross Tuttelman is a Graduate of Johns Hopkins University and Columbia University, and has been Equity Salesperson at Morgan Stanley MUFG Securities since 2007.

Since 2020, Yusuke has been working in the Listing Department of the Tokyo Stock Exchange on listing systems, mainly in the areas of accounting, disclosure and corporate governance.

In order to support the sustainable growth and med-to long-term corporate value creation of listed companies and to provide an attractive market that is highly supported by various types of investors, both domestic and foreign, TSE has started new market segments of “Prime Market”, “Standard Market”, and “Growth Market” on April 4, 2022. Our session will provide an overview of the structure and current state of the TSE stock market.

Kensuke Yazu is a General Manager of the Derivatives Business Development of Osaka Exchange, Inc., leading OSE’s marketing and client relationship business for accelerating the growth of Japan's derivatives markets. He has professional knowledge about capital market regulations and infrastructure of equity, ETPs, and derivatives markets based on 16-year business experience in this industry. He also engaged in capital market development projects in emerging markets, such as the launch of the Yangon Stock Exchange in Myanmar and international projects for countries of operation of the European Bank for Reconstruction and Development (EBRD).

Shun Yanagisawa is responsible for managing Futures, OTC Clearing and FX Prime Brokerage business. Prior to joining Citi, Yanagisawa was responsible for sales and marketing at JPMorgan in Japan for over 11 years.

With approximately 20 years industry experience, Yanagisawa regularly participates in public roundtables and serves for multiple industry groups and help advocate stability for the clearing system in derivatives. Shun is the elected board member, Vice President, ExCo and chairman of Operations committee of FIA Japan, interest rate swap steering committee at JSCC, Wholesale market steering committee of TFX, advisory board member of Risk.net ASIA and several working groups member of ISDA. Shun holds an M.B.A. from the University of Wales.

Koichiro Ohashi is Co-Chair of the Japan Practice and advises clients on various financial regulatory matters, such as Japanese capital markets regulations including the Financial Instruments and Exchange Law, the Investment Trust Management Law, the Banking Law and the Insurance Business Law. He also represents foreign clients in applying for financial business licenses in Japan, such as Type 1 securities broker/dealer licenses, investment manager licenses and financial instrument exchange licenses. Recently he frequently advises on global Fintech companies Japanese Fintech regulations.

Koichiro advises various international and domestic fund managers for private equities, hedge funds, and real estate funds. He also advises Japanese trust banks and pension funds and represents various clients in corporate matters, especially mergers and acquisitions, joint ventures and corporate restructuring transactions. 

Akemi specializes in tax consulting for financial institutions and the development of various investment funds and financial products, with 30 years of experience dedicated to serving clients in the financial services industry.  She advises fund managers (traditional, alternative, real estate, hedge and private equity) on tax effective market entry, distribution strategies and investment structuring.

Akemi acts as PwC Japan’s Knowledge Center leader (Tax Policy Section) and is responsible for monitoring tax policy developments and overseeing tax bulletins and other communications.  She is an active participant in tax policy discussions, advising as well as attending workshops and committees sponsored by government agencies and industry associations. She is also an oversight board member of PwC Japan.

Stuart is an international tax adviser with 30 years of experience covering banking, capital markets, investment management, private equity, insurance, real estate, infrastructure and transfer pricing matters for funds, portfolio companies and financial services clients.

Stuart advises major US, European, Asian and Japanese funds on investment structures, transactions and fund raising. He also regularly advises global institutional investors, including international pension funds, funds of funds and sovereign wealth funds, in relation to their Japanese portfolio investments and commercial joint ventures. Stuart advises on market entry strategies for financial services companies starting up or expanding in Japan, supports in-bound M&A transactions across a wide variety of sectors, leads tax due diligence teams and advises on investment acquisition and financing strategies. He has led multiple projects advising international consortiums on the privatisation of Japanese airport concessions.