26 Degrees appoints ex-Rakuten Hiroaki Nagakura as Head of Prime Services – Japan
“With such deep experience in multiple senior roles at some of the largest brokerages globally, we are very excited to welcome Nagakura-San to the team. 26 Degrees Global Markets’ ability to attract top talent such as Nagakura-San speaks volumes to the growth we have experienced over the past decade, and the great opportunities that lie ahead for our powerhouse team, one of those being the Japanese brokerage market.”
26 Degrees Global Markets, the multi-asset Prime Broker previously known as Invast Global, has announced the appointment of Hiroaki Nagakura as Head of Prime Services – Japan.
Effective immediately, the Japanese industry veteran with over 30 years of experience in the FX industry, 15 of those in senior executive positions, will play a key role in expanding the already significant presence of 26 Degrees in the Japanese market.
His vast industry experience in senior management, dealing and the broader foreign exchange market is seen as invaluable to 26 Degrees as he takes the reins of the PoP broker’s Japanese operations.
Hiroaki Nagakura instrumental in Rakuten’s acquisition of FXCM Japan and FXCM HK
Hiroaki Nagakura joins 26 Degrees from Rakuten Securities Inc., one of Japan’s largest online brokerages, where he was the Managing Executive Officer for 12 years.
During his 12-year tenure, he was responsible for the establishment of Rakuten’s FX business unit, and under his leadership and direction, saw FX revenue grow to over 100 million USD (14.6 billion JPY) in 2022.
He was previously Managing Director of Rakuten Securities Australia and Director of Rakuten Securities Hong Kong, and was instrumental in the 2015 acquisitions of FXCM Japan and Hong Kong.
Prior to Rakuten, Hiroaki Nagakura was Director at Central Tanshi FX Co., Ltd. for a decade and spent time as an FX and CFD trader at various interbank FX Brokers.
“Delivering best-in-class services and solutions to our valued Japanese broker clients”
Hiroaki Nagakura, Head of Prime Services – Japan at 26 Degrees Global Markets, said: “I’m thrilled at the opportunity to join the 26 Degrees team and play a key role in expanding our presence in the Japanese market. I look forward to supporting our valued Japanese clients and continuing to provide them with an innovative product offering and a high-touch service.”
Gavin White, CEO of 26 Degrees Global Markets, commented: “Nagakura-San’s appointment reinforces our commitment to delivering best-in-class services and solutions to our valued Japanese broker clients, as we look to expand strategically in this area over the coming years. With such deep experience in multiple senior roles at some of the largest brokerages globally, we are very excited to welcome Nagakura-San to the team. 26 Degrees Global Markets’ ability to attract top talent such as Nagakura-San speaks volumes to the growth we have experienced over the past decade, and the great opportunities that lie ahead for our powerhouse team, one of those being the Japanese brokerage market.”
26 Degrees specializing in providing prime services to brokers, hedge funds, proprietary trading firms, and family offices through long-standing relationships with numerous tier-one Prime Brokers.
The PoP broker, which aggregates bank and non-bank liquidity to offer bespoke, optimized liquidity streams with a carefully designed suite of trusted collateral solutions and leverage arrangements, recently rebranded from Invast Global.
26 Degrees is partnered with some of the most respected Tier 1 Prime Brokers (Barclays, J.P. Morgan, NatWest, Morgan Stanley, and Deutsche Bank) in order to meet the multi-asset needs of global brokerages that are being underserved by PBs as regulatory reforms – namely Basel III and Basel IV – begin to take effect.
Last month, FinanceFeeds spoke with 26 Degrees CCO James Alexander about the new name and brand as part of the company’s strategic repositioning within a changing FX industry.
