Welcome to Astris Advisory Japan
Our goal is to build strong partnerships with our clients based on trust, understanding, and shared goals.
Whether you are an existing client reviewing our services, or a new potential client looking to find out more about Astris Advisory, please explore our website for more information.
We have a clear vision of who we are in Japan – a premium offering across the corporate advisory, M&A, investment research, and placement agency businesses. We are client-focused, servicing a select group of companies, institutions, and funds.
Since our founding in the Summer of 2018, our business has continued to grow. We are now a team of over 30 people across 4 different businesses and backed by 5 financial licenses.
Our business can be largely broken down into two main themes – outbound - connecting Japanese corporates with the international investment community as well as inbound – helping international investors, funds and companies make meaningful connections in Japan.
We believe strongly that Japan remains a fantastic place to do business and we are your gateway here.
David Shirt
Chief Executive Officer
Astris Advisory Japan K.K.
David has been in Japan for a total of 18 of the last 25 years and has worked in the equity market throughout at institutions such as JP Morgan Securities, Jefferies Japan, and lately Macquarie Capital Securities Japan Limited.
In 2004 he became Head of Sales at JP Morgan Securities in Japan and Head of Equity in 2009. Later in 2014, David became the Branch Manager and Representative for Jefferies Japan, and from 2015 onwards he was employed as Country Head of Macquarie Capital Securities, (Japan) Limited.
David majored in Japanese at the University of Sheffield in the UK and is proficient in Japanese.
Tom has worked as an accountant in the financial services industry in Tokyo for more than 20 years.
Initially coming to Japan for a role at Lehman Brothers, he then worked at Deutsche Bank and most recently at MetLife Insurance. He has held various senior finance roles in controlling, financial planning & analysis, and project management.
Tom is a qualified accountant (CPA Australia) and is proficient in Japanese.
Keiichiro has been in the financial industry for more than 25 years.
He has worked at Salomon Brothers, Credit Suisse, Merrill Lynch, and Citigroup. His experience spans Operations, Technology, Finance, and Compliance. He has managed various financial operations, coordinated price automation, led significant technology migration projects, and conducted comprehensive compliance and regulatory testing.
Keiichiro has also played a key role in helping foreign financial firms establish their business in Tokyo.
Paula has spent over 30 years in Japan working mainly in financial services.
She served as an equity analyst at Nomura Securities, Lehman Brothers, and Goldman Sachs before transitioning to the buy-side with Fidelity Investments. In the latter half of her career, Paula held management positions as the country manager of Bridge Partnership (talent development) and Lee Hecht Harrison (outplacement and organizational development).
Paula’s main focus is to drive the expansion of our talent base as well as implement a range of structures to support our growing organization.
For over two decades, Hiroshi has excelled as an esteemed analyst and director in Japan and the U.K.
He was a ranked equity analyst at KBC Securities Japan and JPMorgan Securities in Tokyo covering Japanese tech stocks. In London, he worked in Pan Asian Equity sales at Daiwa Capital Markets, and then switched to the buy-side as an analyst at a thematic robotics and automation fund, and co-founded a global high-quality franchise fund.
Qualifying at KPMG, Hiroshi is a member of the Institute of Chartered Accountants in England and Wales.
Norbert Kim has over 12 years of experience in the financial industry, of which 8 years were spent on Japanese equities.
He started at Citigroup in Tokyo, where he worked as FX Investor Sales within Global Markets and Associate within Corporate and Transaction Banking. Moving to the U.K., he worked at Asset Management One International as an Equity Trader. Most recently, Norbert spent 3 years as a Japanese Equity Analyst for a Japan fund and global equity funds at Barings.
Norbert holds a Masters in Finance degree from London Business School, is a CFA charterholder, and speaks Japanese fluently.
Tim has worked in investment banking for over 15 years in the UK and Japan.
He has held positions in sales in Japanese equities at companies such as Daiwa, Morgan Stanley, and Mizuho as well as roles within the research department. He has covered Japan specialist clients and global institutional accounts in Europe, with a focus on Japanese small-cap stocks.
Tim lived in Japan for over 12 years and reads and speaks Japanese fluently.
Jessica brings 40 years of experience in Japanese Equities and Multi-Asset knowledge through her involvement in Investment Analysis and Portfolio Management.
Her years of service to Institutional Investors on the sell-side include roles at HSBC, Citigroup, MUFG Securities, and Daiwa Securities, in London, Tokyo, and Singapore. Her most recent role was in Multi-Asset Research and Business Development for Absolute Strategy Research, an independent research boutique in London.
Jessica also brings to Astris Advisory her multilingual abilities and robust company knowledge.
Richard has over three decades of experience in Japan financial markets, most of which was spent in Tokyo.
He began his career as an equity research analyst, mainly covering the transport sector but also a variety of others, and he also has experience of sales and corporate access, where he was head of a team. He has worked at major institutions including JP Morgan, Merrill Lynch, UBS and Citigroup.
Richard is fluent in Japanese and has a degree in Oriental Studies (Japanese) from the University of Oxford.
Mike has over 25 years of experience in the global financial markets following more than a decade in technology product development.
Mike leveraged his technology background to become a leading sector analyst before moving more broadly into Asian-focused equity sales and capital markets roles. His experience includes advisory, capital raising, sales leadership, and general business development. He has worked on the sell side with Merrill Lynch and Morgan Stanley, and has buy-side experience as a Chief Compliance Officer and fund marketer.
Mike has traveled extensively and has lived and worked in NY, Hong Kong, Vietnam and Miami.
Hiroyuki has been working extensively in financial markets both domestic and offshore for over 25 years.
During 10 years working at Macquarie Japan, where he used to work very closely with the founders of Astris Advisory Japan, he proactively sought business/cross-selling opportunities in the area of cash equity sales and ECM-related businesses. He also worked for CLSA Japan, ABN AMRO, and Deutsche Bank both in Australia as well as in London.
Hiroyuki can work with both domestic and offshore asset managers, pension funds, institutions as well as corporate for any financial services you may have.
Hans’s experience in Japan spans over 30 years.
He worked at Nikko Securities and James Capel before heading Morgan Stanley Tokyo’s foreign equity and warrants sales desk. Additionally, he founded Tiedemann International Research, Asia’s largest distributor of independent research, later sold to E*Trade. Hans was also President of Tiedemann Investment Group, a listed distributor and seeder of global hedge funds. He has deep experience as a founder and investor in numerous businesses including Globevest and CF Global.
Hans focuses on fund distribution, product sourcing, and new business development.
Saina has been working in the financial industry for over a decade.
She began her career at Bloomberg Tokyo, where she served as a Team Leader. Following her tenure at Bloomberg, she joined the Equity Sales team at Mizuho Securities, collaborating closely with both the equity research and corporate access teams, catering to both domestic and international clients. Her expertise and dedication eventually led her to the sales trading desk, where she primarily engaged with foreign investors and hedge funds.
Saina holds a Bachelor of Science degree in economics from the University of British Columbia.
Ross has been based in Japan for the past 35 years.
He started selling Japanese equity and equity derivatives for brokers including SG Warburg, Mees Pearson, Société Générale, Jardine Fleming, JP Morgan, CLSA, and BNP Paribas. Since 1986, Ross has represented some of the world's largest institutional clients. Currently, he focuses on fund distribution of Private Equity, Private Debt, Energy Transition Infrastructure Funds, and ESG funds to Japan’s institutional pension managers, financial institutions, and retail platforms.
Ross studied political science at the University of California, Berkeley, and is fluent in Japanese.
Alisa has been working in Japanese financial markets for 17 years.
Throughout her extensive tenure at Schroders Investment Management and Macquarie Securities Japan, she has successfully arranged IR Events, conferences, and corporate roadshows. She also has a variety of work experience in the middle office, as well as serving as a CEO Secretary, Sales Assistant, and Research Associate Assistant.
Alisa, born in New York, attended university in Philadelphia and is fluent in Japanese.
Doug has over three decades of experience in the global financial markets.
He has worked for Morgan Stanley, Goldman Sachs, Deutsche Bank, and JPMorgan in Corporate Finance, Debt and Equity Capital Markets, and Equity Sales and Trading with experience in London, NY, Hong Kong, and Tokyo. More recently, he worked in SoftBank KK's start-up investment division, gaining experience in structuring, advising, and funding VC start-ups. He also served as an Outside Director for a publicly traded company.
Doug can assist in structuring and funding companies from start-ups to IPOs and later capital raisings, including follow-on offerings and convertible bonds, and leads M&A assignments.
Kazuya has more than 25 years of experience in the Japanese equity market.
He started at Baring Securities in Tokyo in 1990, then moved to ING Securities post-1995 takeover. After ING's 2004 sale to Macquarie Bank, he joined Macquarie Capital Securities Japan until 2022. In senior roles, he oversaw all facets of the equities business, including risk, execution, and block trading, fostering a broad network across equity trading desks and cultivating relationships with institutional investors and listed corporate clients.
As the Nikkei continues to hit new highs, Kazuya is your perfect connection to the Japanese market.
Van, originally from Ho Chi Minh City, moved to Japan 9 years ago, seeking new challenges.
She worked in higher education before excelling in talent acquisition roles at Morgan McKinley and Ahead Group, specializing in financial institutions' middle & back office positions. As a member of Astris Advisory's Fund Placement team, she learns from industry leaders while leveraging her skills to forge alliances.
Van is fluent in Vietnamese, English, and Japanese, with some proficiency in German, ready to excel in front-office roles at Astris.
Adrian has 30 years of experience in the financial industry working in Japan, PRC, and Hong Kong.
He first came to Japan in 1987 working on the sell side at companies such as CLSA and Commerzbank. He has visited hundreds of small and middle-sized companies across Asia and concentrates on identifying quality businesses.
Adrian has an MBA from Bristol University and the ENPC in Paris and speaks several languages fluently including Japanese, Mandarin, Russian, and French.
Neil is an expert commentator and seasoned strategist on Japanese and pan-Asia equities markets.
With a long career tenure focusing on equity and derivative markets for a cumulative 40 years– 22 years in Tokyo, 12 years in Hong Kong, and 6 years split between London and New York, his macro thematic and macroeconomic investment strategies draw on first-hand experiences starting from the boom of the 1980s at the debut of his career.
Neil is highly regarded in the industry and his insights are regularly sought by international media organizations as well as major international investors globally.
Michael has held sell-side roles in quantitative and fundamental research stretching back 15 years.
He has previously worked at Lehman Brothers Securities in Tokyo and Nomura Securities in Hong Kong. Most recently, he was Head of Equity Custom Products at Jefferies. He builds value-added quantitative models that become key components of client investment decisions.
Michael graduated with an MBA from the University of Toronto and is a CFA charterholder.
Ian has been active as a commodity analyst for over 20 years.
He has worked at the consulting firm CRU Group, SMM, and Rio Tinto. On the sell-side, he held positions at CLSA and Macquarie. He lived in China from 2003 to 2014 and in Singapore from 2014 to 2021, during which time he developed and built unparalleled expertise in ferrous, non-ferrous, and new energy (renewables) markets.
Ian is well-known in the commodity industry and is frequently invited as a lecture speaker at conferences and industry events.
Kirk has worked as a sell-side analyst for over 25 years at both traditional investment banks and independent research providers.
He has worked for the investment banks SBC Warburg Dillon Read and Dresdner Kleinwort, as well as the independent research providers New Street Research and Redex Research.
Kirk has been covering Japanese companies since 2000 and has spent 17 of the last 24 years in Tokyo.
Takaki has unique and broad experience in management, quality control research, and publishing analysis, spanning both sell-side and buy-side perspectives.
He has covered the auto industry uninterrupted since 1994. Takaki ranked 1st in the Institutional Investor All-Japan Research Team Rankings for the auto sector and was also 1st in the Nikkei Veritas Analyst Rankings, both for six years running from 2003 to 2009. He returned as a sell-side analyst in 2011 after gaining experience in the asset management business.
In 2013, Takaki was ranked again 1st in both the Institutional Investor All-Japan Research Team Rankings and the Nikkei Veritas Analyst Rankings.
Tomoyoshi has been in the financial industry for over 25 years, covering debt and equity businesses.
At The Long-Term Credit Bank of Japan he was in charge of cross-border investment and M&A transactions, where he established the first leasing company in Vietnam with a local bank. At Standard & Poor’s he was a rating analyst of structured finance products including ABS, CMBS and J-REITs, where he assigned first credit ratings to J-REITs upon foundation of the market in 2001. He has worked at Morgan Stanley, MUFG, Macquarie Capital Securities, and BofA Securities as a sell-side analyst covering real estate, J-REIT, housing, and housing equipment industries.
Tomoyoshi graduated from Tokyo University of Foreign Studies and is a CFA charter holder.
Fraser is originally from New Zealand and has spent the last 5 years working in Japan.
He began his career as a consultant supporting financial institutions in their search for talent. Later, as a Partner at JAC Group, he played a key role in advancing the company's global outreach and growth. Currently, Fraser serves as our VP of Customer Relationships, where he leverages his network and outreach to support our company’s growth and client base.
Fraser holds a Bachelor of Commerce in Accounting and Finance from the University of Auckland and is proficient in Japanese and Mandarin.
We work as a partnership and this is a principle that defines the relationship between our people and with our clients. We are a growing business with big ambitions and our collegiate environment means we all work together to get the best possible results for both the firm and our clients.
We strive to attain the highest ethical and professional standards supported by our strong internal culture. Our culture and values are at the forefront of everything we do.
Giving back to the community is incredibly important and we aim to further our efforts every year.
Cyclists from the event - Scott Anderson (Lazard) and Tris Fenwick (J-Screen).
Astris Advisory continues to be a supporter of FIT for Charity. FIT for Charity is a joint effort of the financial industry to make a difference by raising money for charity, contributing positively to the community, fostering teamwork and building relationships within the company and across the industry.
Through the cycling group Knights in White Lycra, our CEO, David Shirt, has cycled 500km around Japan in 2022 and 2023, to raise money for charity.
Astris Advisory supports Mirai no Mori, a non-profit organization that creates life-changing outdoor programs for underprivileged children in Japan, helping them grow into successful young adults.
In 2023 we were a lead sponsor of the ride from Utsunomiya to Koriyama to Fukushima to Matsushima to Ichinoseki.
As a platinum sponsor of the 10th anniversary charity cycling event "Knights in White Lycra", we are honored to support the wonderful activities of NPO Mirai no Mori and Knights in White Lycra.
Pictured with David Shirt on the final day of the ride this year is Julia Longbottom, the British Ambassador.