The OECD has appointed Masamichi Kono as a Deputy Secretary-General. He will replace Rintaro Tamaki, who will be stepping down after six fruitful years in the post.

Mr Kono will take up his position in August 2017, and will support the OECD Secretary-General covering the strategic direction of OECD policy on areas including financial and enterprise affairs, fiscal policy, the environment and green growth. He has a distinguished career in financial regulation and supervision both in Japan and internationally. He is a former Vice Minister for International Affairs of Japan’s Financial Services Agency (JFSA) and in this capacity he represented the JFSA on various international bodies, including the Financial Stability Board (2009-2016) where he chaired its Regional Consultative Group for Asia. He was also President of JFSA’s Global Financial Partnership Centre (GLOPAC).

Mr Kono was also Chairman of the Technical Committee of the International Organisation of Securities Commissions (IOSCO) and served as Chairman of the IOSCO Board until 2013. He was Secretary of the Committee on Trade in Financial Services of the World Trade Organisation (WTO) between 1995 and 1999.

Welcoming the appointment, OECD Secretary-General Angel Gurría said: “Mr Kono’s broad experience and knowledge on international financial issues, as well as his proven track record on substance and relevant experience as a senior regulator and diplomat in many different fields, make him a great addition to the OECD.” Mr. Gurría also thanked Rintaro Tamaki for his dedication and great service to the Organisation during his tenure as Deputy Secretary-General.

At the beginning of his career, Mr Kono worked for four years in the OECD’s Economics Department, which makes him an “OECD old hand” said Mr Gurría. “Welcome back, Kono-san!” he added.

Source: OECD