Yoshitaka Kitao, Representative Director, President & CEO of SBI
Holdings Inc. will be joining Ripple’s
board of directors.
Mr. Kitao brings over four decades of insights into global financial
markets to Ripple’s board.
“I am excited to welcome Mr. Kitao to our board of directors. From
conventional financial markets to digital asset markets, his deep
understanding of the financial services industry will offer valuable
business insights to help Ripple continue to scale,” said Chris Larsen,
co-founder of Ripple and Executive Chairman of Ripple’s board of
directors. “Approximately half of our customers are located in Asia-Pac
today, and we’re rapidly expanding our global footprint across the
region. Mr. Kitao comes at a perfect time for Ripple as we look to
deepen our customer base in Asia and beyond.”
Yoshitaka Kitao established SBI Holdings Inc. in July 1999. Prior to
this, he served as Executive Vice President and CFO of the Softbank
Corporation. He began his career at Nomura Securities Co. Ltd., where he
was engaged in the investment banking business.
Kitao will be replacing Takashi Okita, CEO of SBI Ripple Asia, the joint
venture between Ripple and SBI Holdings, on Ripple’s board.
Ripple provides one frictionless experience to send money globally using
the power of blockchain. By joining Ripple’s growing, global network
(RippleNet), financial institutions can process their customers’
payments anywhere in the world instantly, reliably and cost-effectively.
Banks and payment providers can use the digital asset XRP to further
reduce their costs and access new markets. With offices in San
Francisco, New York, London, Mumbai, Singapore and Sydney, Ripple has
more than 200 customers around the world.