26 Degrees Hires Hiroaki Nagakura as Head of Prime Services for Japan

(Source: 26 Degrees)

Sydney-based leading multi-asset broker 26 Degrees Global Markets (26 Degrees), formerly known as Invast Global​, has appointed Japanese industry veteran Hiroaki Nagakura as its Head of Prime Services - Japan, effective immediately.

With over 30 years of experience in forex industry, 15 of those in senior executive positions, Nagakura joined 26 Degrees from Rakuten Securities, one of Japan's largest online brokerages, where he served as Managing Executive Officer for more than a decade. During his 12-year tenure in Rakuten, he was responsible for the establishment of Rakuten's FX business unit and saw a growth of over $100 million (JPY 14.6 billion) in its FX revenue.

Nagakura had also held roles including Managing Director for Australia and Director for Hong Kong at Rakuten Securities, and played a key role in the acquisition of FXCM Japan and HK.

Gavin White, CEO of 26 Degrees, commented on the appointment: "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."

White added: "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."

Hiroaki Nagakura, Head of Prime Services for Japan at 26 Degrees, 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."

Invast Global rebranded its prime brokerage business as 26 Degrees two months ago, aiming to increase its market share in the prime brokerage services industry over the next five years. Fazzaco unveiled the reasons for its rebranding in the article "Invast Is Now 26 Degrees, and This Is Why They Renamed Themselves​".