Australia based institutional broker 26 Degrees has announced the appointment of Japanese industry veteran Hiroaki Nagakura as Head of Prime Services – Japan, effective immediately.

Hiroaki Nagakura joins 26 Degrees, formerly known as Invast Global, with over 30 years of experience in the FX industry, 15 of those in senior executive positions. Most recently, Hiroaki was the Managing Executive Officer at Rakuten Securities Inc., one of Japan’s largest online brokerages. During his 12-year tenure, Hiroaki 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.

Hiroaki was also Managing Director of Rakuten Securities Australia, which was recently acquired by ATFX, and Director of Rakuten Securities Hong Kong, and instrumental in the 2015 acquisitions of FXCM Japan and Hong Kong. Prior to this, Hiroaki 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.

Hiroaki Nagakura commented,

“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 adds,

“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.”

About 26 Degrees

26 Degrees is an ASIC licensed Prime Broker specialising in providing prime services to brokers, hedge funds, proprietary trading firms and family offices through long-standing relationships with numerous tier-one Prime Brokers. 26 Degrees aggregates bank and non-bank liquidity offering bespoke, optimised liquidity streams for Hedge Funds and Family Offices with a carefully designed suite of trusted collateral solutions and leverage arrangements. The company is a subsidiary of Japanese investment outfit Inv Inc (TYO:7338).