TMI Associates welcomed Mr. Toichiro Mizushima as an Advisor as of January 1, 2024.
Below are comments by Mr. Mizushima.
My name is Toichiro Mizushima and I have recently become an advisor at TMI Associates. I was formerly appointed as the President of the Japan Pension Service.
As for my background, it has been 54 years since I graduated from university, the first 36 years of which were spent managing private financial institutions and the last 18 years managing public institutions.
The world of private-sector finance is a very fast-paced and challenging one. In general, until the 1980s, financial liberalization and internationalization were promoted in order to allocate resources appropriately amid rapid economic growth, and from the 1990s onward, the industry was in a state of upheaval due to the disposal of bad loans following the collapse of the bubble economy and a series of mergers. The keywords during such era I think were "competition," "profit," "market," and "growth."
During the last 11 years, while public trust in the pension system has been greatly shaken, as the President of the Japan Pension Service, I have worked to restore trust in the system and its governing body. There has been so much going on, and I have answered more than 1,000 questions in the Diet, covering a wide range of areas, including not only pension systems and practices, but also methods of managing public institutions, information security issues, risk management, and so on. The keywords during such era I think were "security and stability," "reallocation," and "trust."
Now, I am pleased to announce that I have become a member of this law firm through the courtesy of Mr. Tanaka, the head of the firm. As this is an unknown world to me, I am excited to see what kind of world will emerge and what the keywords will be.
My experience to date has not always been smooth sailing, but I am proud to say that I have played a certain role in addressing and solving the challenges of each era.
I will do my best to use my experience and knowledge to serve our clients through the development of TMI Associates.
I really look forward to working with you. Thank you.