Directors and Executive Officers

Ernest M. Higa (Date of Birth: October 15, 1952)

Ernest M. Higa

Outside Director

Current

  • Board of Trustees, Showa Women's University
  • Chairman & Representative Director, Wendy's Japan K.K.
  • Board Member, The Tokyo New Business Conference
  • Board of Overseers, The Columbia Business School
  • Director, JC Comsa Corporation
  • Director, Shinsei Bank, Limited
  • Chairman, President & Chief Executive Officer, Higa Industries Co., Ltd.

As of July 20, 2017

Message

Given the continuing deflationary macro-economic environment, the competitive banking situation and the Bank of Japanís policy on negative interest rates; the Board of Directors in conjunction with Shinsei Bankís Management Team, has had to further focus our 3rd MTMP in order to enhance our strengths such as unsecured loans, and structured finance while accelerating the consolidation and integration of our group companies in order to gain efficiencies in back office functions, synergies and efficiencies. In order to facilitate this process, we have hired outside management consultants to work with us in order to implement industry "best practices" that are results oriented. Meanwhile we continue to look for growth opportunities through both organic and inorganic growth, as well as, strategic alliances that leverage our various competitive advantages, in addition to adapting to the rapidly changing financial landscape due to the various fintech initiatives that are being developed. We see these changes as opportunities rather than challenges and are endeavoring to incorporate the appropriate technological advances to enhance our business model in a flexible and forward looking manner. Given Shinsei Bankís relatively strong capitalization; I believe that this will allow us to have the financial resilience necessary to react to the somewhat volatile and unpredictable geo-political global situation which invariably affects the financial industry here in Japan. In conclusion the Board and Shinsei Bankís Management Team expect that the various initiatives we are pursuing both on efficiency and growth opportunities will be re? ected in shareholder value going forward as we implement our 3rd MTMP.

Biography

April 2017 Board of Trustees, Showa Women's University (Current)
September 2016 Chairman & Representative Director, Wendy's Japan K.K. (Current)
April 2015 Chairman, President & Chief Executive Officer, Higa Industries Co., Ltd. (Current)
June 2013 Director, Shinsei Bank, Limited (Current)
March 2011 Chief Executive Officer, Wendy's Japan
June 2010 Director, JC Comsa Corporation (Current)
May 2009 Board of Overseers, The Columbia Business School (Current)
April 2008 Board Member, The Tokyo New Business Conference (Current)
April 1983 President and Chief Executive Officer, Higa Industries Co., Ltd.
April 1976 Joined Higa Industries Co., Ltd.

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