Tokyo – 17 February, 2015 – As companies continue to expand outside of Japan in support of Prime Minister Abe’s economic strategy, recent developments by global treasury technology leader Reval demonstrate that Japan’s corporate treasury function is under pressure to change. Reval, which provides corporate treasuries with a scalable cloud solution for Treasury and Risk Management (TRM), announced today that it has appointed Kent Shibata as Japan Solution Consultant, and that it has completed its incorporation of Reval Japan K.K.
“I am very excited to be with Reval at this time of treasury transformation, when technology is part of the path forward for these growing companies,” Shibata says. “The Prime Minister’s expansionist strategy will be at risk if these companies do not manage the growth of their treasury organizations and how they manage liquidity.” Mr. Shibata brings 15 years of experience working with the world’s largest banks, serving treasury professionals and capital markets.
“Mr. Shibata will help corporate treasuries gain a solid understanding of what they can do with secure cloud technology and how they can gain control over their disparate entities to visualize their global cash,” says Kazuo Nagasaki, Reval Japan’s Country Manager. “His deep experience in finance and technology will also be invaluable as Reval continues to help companies go beyond visualization to the next level of their organization’s treasury maturity.”
Most recently, Mr. Shibata held leading roles as Vice President of JP Morgan’s Global Corporate Bank, Collateral Management/Investor Services, and Large Corporate MNC/Treasury Services divisions. Among his responsibilities from both the Tokyo and New York offices, Mr. Shibata grew the bank’s collateral management business in Japan and its MNC Asian Portfolio, providing Treasury Service solutions to major non-US corporations with headquarters in Asia. He also held positions at Daiwa Securities USA in Credit Product Training, SMBC Securities Inc. in the Asset Securitization Group, and at Sumitomo Mitsui Banking Corp.’s Cash Management Solution Group.
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