Seven Bank: Amidst Turmoil, a Publicly-Traded Success Story in Banking Video

November 19, 2008



Speaker:
Takashi Anzai, President, Seven Bank Ltd.

Takashi Anzai has been through it all in Japanese banking. He began his career in central banking at the Bank of Japan, safe from the perils of insolvency faced by other commercial banks. In his final BOJ post as an executive director, he struggled to mitigate the turmoil caused by the Asian financial crisis and the Japanese credit crisis. He later served as president of the then-defunct Long-Term Credit Bank of Japan, and was involved in the government controlled restructuring of LTCB into what is now Shinsei Bank. Next, at the request of Seven & I Group, under which resides Japan’s largest retailer, Seven Eleven, he was charged with establishing and operating a completely new type of banking business – one operating primarily through a network of ATMs. After 5 years, the business erased initial cumulative losses, and in this, its 7th year, Seven Bank’s shares successfully listed on JASDAQ. Notwithstanding turbulence in the global financial markets wrought by the subprime loan problems, Seven Bank’s performance and share price have steadily improved. Seven Bank seeks the trust of its customers, and to instill confidence through its commitment to banking fundamentals.

Presider:
James Reed, President & Chief Executive Officer, Mizuho Securities USA Inc.; Director, Japan Society