The IBA held its 24^th Annual General Meeting (AGM) on November 25 at the Hotel Okura, welcoming 80 senior executives from member firms, primarily CEOs, GMs and department heads.

During the meeting the IBA's leadership summarized the significant achievements over the year, including: providing input on the elaboration and implementation of the FSA's Better Market Initiative; strengthening the IBA's presence among key decision-makers; expanding dialogue with regulators in Japan and overseas; and offering more specialized training programs and member services.

Mr. Paul Kuo
IBA Chairman

Mr. Stuart Milne
IBA Vice Chairman (Finance & Administration)

Mr. Ronald Scherpenhuijsen Rom
Chairman, Banking Sector Committee

Mr. Mitchell Mason
Chairman, Securities Sector Committee

Mr. Tony Sorrenti
IBA Executive Director

2008 IBA Annual General Meeting

Hotel Okura

Members approved the IBA's priorities for 2008-09 and re-elected the IBA’s leadership, consisting of:

Mr. Paul Kuo

IBA Chairman
CEO & President
Representative Director
Credit Suisse Securities (Japan) Limited

Mr. Jonathan Kindred

IBA Vice Chairman
(Member Services)
President and
Representative Director

Morgan Stanley Japan Securities Co., Ltd.

Mr. Stuart Milne

IBA Vice Chairman
(Finance & Administration)
President and
Chief Executive Officer

Country Manager Japan

The Hongkong and Shanghai Banking Corporation Limited

Mr. Ronald Scherpenhuijsen Rom
Chairman

Banking Sector Committee
Branch Manager
ING Bank N.V., Tokyo Branch

Mr. Mitchell Mason
Chairman

Securities Sector Committee
Deputy President & COO
Deutsche Securities Inc.

Mr. Seiji Sugiyama

Chairman, Japanese Bankers Association

At the end of the meeting, there was a special address by Mr. Naoyuki Shinohara, Vice Minister of Finance for International Affairs, the MOF’s top official for international financial issues, who discussed the recent G20 Leaders’ Summit and the prospect for increased international cooperation on financial markets and regulatory issues.

Mr. Naoyuki Shinohara
Vice Minister of Finance for International Affairs

The AGM was followed by the IBA's annual reception which was attended by nearly 150 people: senior executives of member firms; public sector officials including Bank of Japan Governor Shirakawa; and financial attachés and central bank representatives from key countries. The reception was an excellent opportunity for individuals from all sectors of the financial services community to discuss matters of common interest in an informal setting.

Bank of Japan Governor Shirakawa
with Paul Kuo and Tony Sorrenti