Markit Group Limited (Markit), the leading industry source for independent asset valuation data, used by global financial institutions for price verification and risk management purposes, today announced the opening of an office in Tokyo.
Katsumi Mizutani, who will head the Tokyo office, will be responsible for business development in Japan. Mizutani-san shall focus on bringing on board additional contributors and subscribers to the Markit pricing and valuations services, across all asset classes.
Mizutani-san joins Markit from TD Securities, where he was Managing Director and Head of Credit Derivative Structuring and Customised Solutions in Tokyo. Prior to TD, Mizutani-san worked at Deutsche Bank in the Capital Markets team.
Mizutani-san commented: "Japanese financial institutions are under increasing pressure from regulators to adopt more rigid risk management standards, given their growing exposure to derivatives and illiquid assets. In light of this focus, there has never been a greater need for robust, independent pricing and valuations in Japan."
Lance Uggla, Chief Executive Officer of Markit said: "Mizutani-san brings to Markit a deep knowledge of the Japanese markets from a regulatory, tax and accounting standpoint. This knowledge, coupled with strong client relationships built up over the last ten years, will further propel our expansion in the Asian region."