Cloud technology provider Reval is steeling itself for Japan’s rapidly evolving treasury functions with the appointment of experienced consultant and JP Morgan veteran Kent Shibata.
Corporate treasuries in the country are thought to be entering a period of technological and strategic change, as Prime Minister Abe’s economic policy continues to see companies expand out side of Japan.
“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.”
Shibata has 15 years’ experience of working with treasury professionals and capital markets. He joins from JP Morgan, where he held roles as Vice President of the organisation’s Global Corporate Bank, as well as Collateral Management and Investor Services, and Large Corporate MNC/Treasury Services. During his time at the bank, he also helped to grow its collateral management business in Japan and its MNC Asian Portfolio, which involved providing Treasury Service solutions to large-scale non-US corporations with headquarters in Asia.
“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,” says Shibata. “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.”
To help ease its transition into the new treasury landscape, the company has also completed its incorporation of Reval Japan K.K.