Private equity is garnering attention in Japan. With its successful track record and room for further growth, larger funds are doing larger deals. More international players are looking to expand their footprint across the region.
Hosted by Tricor Japan and Japan's Financial Services Agency (JFSA), part 6 of our Market Expansion Webinar Series will provide an overview of private equity in Japan, including current trends, deal drivers, relevant regulations and tax matters.
We will also introduce the Financial Start-up Support Program, which is designed to ease entity set up for foreign finance professionals, from registration and hiring to immigration and relocation.
Webinar Agenda
Webinar Details
Date: January 30, 2023 (Monday)
Time: 4:00PM - 6:00PM (JST / UTC +9)
Language: English
Interested to learn more?
Schedule a complimentary one-on-one consultation with Tricor Japan's expert team.
Partner, Corporate Finance
PwC Advisory LLC
30+ years experience in the financial industry. Played a leading role in the success of more than 100 domestic and cross-border M&A transactions in a wide range of industries. Maintains an extensive network of senior relationships with major Japanese corporations and financial sponsors.
Prior to joining PwC in January 2020, he was Vice Chairman of Global Banking of HSBC. Prior to that, he spent 5 years at GCA Corporation, a Tokyo Stock Exchange listed independent M&A boutique, as a Managing Director. Earlier, he worked at UBS Securities for 7 years where he became Managing Director and Head of Mergers and Acquisitions and Financial Sponsor Group in 2011.
His earlier experiences include working at Knox & Co., a US investment banking boutique, and at Montgomery & Co., an allied investment banking firm with Mitsubishi Tokyo Financial Group. He started his career at the Bank Of Tokyo in 1989.
Partner, Financial Services
PwC Tax Japan
Satoshi is qualified as a Japanese Certified Public Accountant and a Licensed Tax Advisor of Japan.
He has assisted global PE houses and their serviced funds’ Japanese portfolio companies for the last 15 years in various aspects such as fund raising, deal sourcing, technical diligence, structuring, PMI reorganization, other value creation, refinancing, exit structuring and tax audit defense. He has spent almost 100% of his time for serving global PE houses. He has also been in touch closely with global PE houses’ headquarter tax management team together with PwC US team for each deal and portfolio company ensuring the most tax-efficient structure from Japanese portfolio companies up the chains to ultimate investors from a US and Japanese tax perspective.
He joined PwC Tax Japan, Tokyo office in 2000 and has worked as a core member of the Transaction/M&A Practice Department (now, Private Equity OU). In that capacity, he has advised various PE houses as well as private/public multinational corporations with regard to their investments into Japanese/foreign companies, as well as assisted such target companies (or portfolio companies post acquisition) in restructuring their global and or local operations from a perspective of both “up above” fund structuring and “down below” acquisition structuring. As a project leader, he brings more than 20 years of experience at PwC managing all aspects of tax due diligence, modeling, and structuring.
He also has been a member of the Financial Services Industry Practice Department and has served PE funds as well as multinational financial institutions and service companies, to provide fund structuring services as well as to assist them with their compliance and consultation requirements. He has also assisted his clients including global PE fund clients with their national tax audits including a long term of tax audit challenging permanent establishment, tax treaty eligibility, non-resident capital gains tax and other international tax areas for his global PE fund clients.
He was assigned to PricewaterhouseCoopers New York in the International Tax Services for a 2-year period from January 2011 to December 2012 and performed tax consulting/structuring services on US inbound transactions for various Japanese multinational clients and on US outbound transactions for various US multinational clients from a Japanese tax perspective.
He is a graduate of The University of Tokyo, where he majored in Economics before beginning his professional career in PwC.
Partner, Financial Services
PwC Tax Japan
Stuart is an international tax adviser with 30 years of 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 privatization of Japanese airport concessions.
Stuart has held several Asia Pacific leadership positions from his base in Tokyo, including for many years acting as the tax leader for the private equity industry, and more recently for the insurance sector. Since 2021, Stuart has acted as the Asia Pacific tax leader for real estate, infrastructure and real assets. Stuart also acts as the Joint Chair for the ULI / PwC publication Emerging Trends in Real Estate – Asia Pacific.
Stuart is a lawyer qualified in both England and Australia, with degrees in economics (BEc) from Macquarie University and law (LLB) from the University of Sydney. Stuart attained a Master of Laws from the University of London as a postgraduate student where he was also a prize-winner in finance law subjects.
Before moving to Tokyo in 2003, Stuart worked in our firm’s London office for six years focusing on banking and capital markets. Previously he worked for offices in Hong Kong and Sydney.
Stuart has acted as an expert witness before the High Court of Hong Kong where his evidence was fully accepted in adversary proceedings on judgment and subsequently upheld by the Court of Appeal. Stuart writes and speaks regularly on Japanese tax law developments, and has undertaken many projects for Japanese government bodies, including the Ministry of Finance, the Financial Services Agency of Japan, and the Tokyo Metropolitan Government, supporting government and industry association (including AIMA and Tokyo’s FinCity) tax reform initiatives.
Partner
Nagashima Ohno & Tsunematsu
Keiko Shimizu is a partner at Nagashima Ohno & Tsunematsu. One of the focuses of her practice is securities and financial services regulations, and she advises asset management companies, securities brokers, banks and other financial institutions on corporate governance, regulatory and compliance matters. She advises clients on the formation, marketing and operation of various collective investment vehicles such as investment trusts, hedge funds, private equity funds and fund of funds. She assists various onshore and offshore funds sponsors in structuring and forming the funds. The fund structuring advice includes regulatory advice and she provides practical advice based on a wide range of experience in both onshore fund and offshore fund formations. She also handles a variety of corporate transactions and general corporate affairs, and she advises clients on data protection matters.
She earned an LL.B. from the University of Tokyo and an LL.M. from Columbia Law School. She is admitted to practice in Japan. She also worked as the Partner of Nagashima Ohno & Tsunematsu NY LLP from 2015 to 2018.
Director, Sales & Marketing
Tricor Japan
Deputy Director, Strategy Development Division
Japan Financial Services Agency (JFSA)
Deputy Director, Strategy Development Division
Japan Financial Services Agency (JFSA)
Takuma is a public policy expert in international finance. As Deputy Director at JFSA, he is spearheading initiatives in financial regulation, tax, business incubation and livelihood support for investment professionals around the world.
“We hope to not only provide a boost to foreign financial businesses looking to enter and expand in the Japanese market, but also leverage the Program to capture insights in order to improve the Japanese ecosystem around the financial business start-up.”
Group Chief Commercial Officer
Tricor Group
Gary leads sales and business development activities for Tricor’s full range of services across 22 markets worldwide. With over 20 years of experience in sales, business development, marketing and account management across the Asia Pacific region, Gary has led and nurtured high performing sales and account management teams in human resources consulting, insurance brokerage, legal, digital health, and enterprise software sectors.
“By removing barriers to market entry and even helping to support the relocation, the Financial Start-up Support Program opens new doors for foreign investors and asset managers to capitalize on the burgeoning commercial opportunities in Japan.”
Tricor Japan (Tricor), the Japanese subsidiary of Tricor Group – Asia’s leading provider of integrated business, corporate, investor, human resources & payroll, corporate trust & debt services, fund administration and strategic business advisory – has once again been selected by Japan's Financial Services Agency (JFSA), a government agency and regulator that oversees the country’s financial services industry, to develop, operate and lead its Financial Start-up Support Program, a one-stop for foreign asset management companies entering the Japanese market.
As the exclusive private operator of the program, Tricor provides overseas financial companies with English-language incorporation and financial business license registration solutions. Furthermore, the program extends to acclimating executives of financial companies to living and working in Japan, offering relocation services including visa administration, real estate, healthcare and education.
For questions or enquiries, please call +81 50 1741 7550 or email financialsupport@jp.tricorglobal.com
*Terms & Conditions: Tricor reserves the right to change these terms and conditions from time to time and without notice.
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