Société Générale has appointed Hirosuke Uraoka as head of Lyxor ETF Japan. In the newly-created role, Uraoka will be responsible for growing the Japanese business of Lyxor ETF, the ETF brand of Lyxor Asset Management, a wholly-owned subsidiary of Societe Generale and currently the third largest UCITS exchange traded fund provider.
Based in Tokyo, Uraoka will report to Naohisa Morita, head of asset management products at SocGen in Japan, and Christopher Friese, head of Lyxor ETF Asia-Pacific at SocGen in Hong Kong.
Japan is a key market for Lyxor as it represents the largest ETF market in Asia with approximately US$450 billion in size and an annual growth rate of 32% over the last 10 years, SocGen said in a statement.
Uraoka was previously a sales trader for Daiwa Securities for 13 years, where he focused on the firm’s Japanese and international ETF brokerage business in Japan, Hong Kong and London. He also led the international currency exchange traded products (ETP) business for Japanese institutional investors while with Daiwa Securities.