Coincheck Owner Monex Group Announces Major Management Changes

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The Japanese broker that acquired the hacked cryptocurrency exchange Coincheck in April 2018 has announced major changes in its management structure. The news was revealed in a press release published on March 27.

The current representative executive officer and president of Monex group, Oki Matsumoto, will now also be the representative director and chairman of Monex, as well as chairman of Coincheck.

Per the announcement, within Monex, “diverse employees will be aggressively promoted to managerial positions.” The press release also reveals that three Coincheck executive directors will also serve as executive directors of Monex to enhance cooperation between group companies. The current senior executive officer and chief investment officer of the company, Koichi Tateno, will resign and become a senior advisor.

The firm noted that all personnel changes are set to take effect on April 1, 2019.

The company expects the changes to revitalize and improve the flexibility of Monex Group. The release also notes that the firm aims to enable better interaction between the companies that compose the group by intertwining them.

As Cointelegraph reported in January, Monex Group warned of a new scam claiming to be related to its business. In December last year, the company announced plans to launch cryptocurrency trading in the United States.

This week, Japanese e-commerce giant Rakuten completed the registration of its cryptocurrency exchange Rakuten Wallet, which is set to go live next month.