Masamoto Yashiro, chairman of the Board of Shinsei Bank, kicked off the Morgan Stanley Asia Pacific Summit in Singapore yesterday November 15 as the keynote luncheon speaker.
Yashiro was at the forefront of Shinsei Bank's turnaround, which, you may recall, was previously called the Long-Term Credit Bank of Japan, and was nationalised in October 1998. In March, 2000, a consortium of foreign investors led by US private equity fund Ripplewood Holdings acquired LTCB, and the bank started afresh as a private commercial bank, changing its name to Shinsei Bank.
Yashiro became CEO in 2004, and then in June of 2005 was appointed chairman of the board...
