Prop Tech

Jan 13, 2022

01/13/2022 | 12:01pm EST Message : *Required fields TOKYO, Jan. 13, 2022 /PRNewswire/ -- The former deputy managing director of the International Monetary Fund (IMF), Mitsuhiro Furusawa assumed the role of advisor of GA technologies Co.,Ltd. on January 4th, 2022. The main service GA technologies provides is a one-stop comprehensive real estate service platform called RENOSY (headquarters: Minato-Ku / CEO: Ryo Higuchi / securities code: 3491; hereinafter referred to as the Company). Background highlights GA technologies group has been cultivating its business in the PropTech ( property x technology)  field starting from 2013 of its establishment, the major service it provides which is the RENOSY portal site tops the market shares in both number of listings sold (pre owned mansions) and the actual amount of sales*1. The Company also achieves more than 3 billion JPY in crowdfunding*2 in which it is expanding its business in the real estate financing area actively with a business vision of helping its customers to achieve their ideal lifestyles through real estate. Besides the RENOSY portal site, RENOSY X, one of the sub companies of the GA group is focusing on the mortgage application service (BtoB) as well as helping to accelerate the process of digital transformation in the real estate industry (BtoB). Following with Shenjumiausuan, the biggest portal site with real estate commodities of Japan targets investors from the Greater China areas, Dear Life, a rental & lease portal site targets Japanese residents in Thailand. The Company is looking forward to expanding globally starting from the Southeastern Asian Market. The Company is positive about Mr. Furusawa's joining to the group, he has been in the position of the deputy managing director of the IMF for 6.5 years by November 2021. He is said to be an expert not only about Japan's economy but also the global economy. The Company is expecting the positive effects and insights  Mr. Furusawa could bring to the group with his expertise on not only the economy field but also issues of income gaps, governance even climate change, and gender gap*3  etc. and last but not least the networking he owns. The Company is feeling strong about propelling its finance business in the global market with the join of Mr. Furusawa. Personal profile of Mr. Mitsuhiro Furusawa Graduated from the University of Tokyo Faculty of Law in 1979 Entered Ministry of Finance Japan in 1979 Graduated from ENA (École nationale d'administration) (France) in 1983 Worked as the Director's Assistant in the Budget Bureau of Ministry of Finance Japan (1990~) Worked as the Counselor of Japanese Embassy in France (1997~) Worked as the Director of Vice Minister of Finance for International Affairs (1999~) Worked as the Budget Examiner (International affairs, economy) (2002~) Worked as the Minister of Japanese Embassy in the United States of America (2007) Worked as the Senior Deputy Director-General of the International Bureau (2009~) Worked as the Managing Director (Representative of Japan) at the IMF (2010~) Worked as the Director-General of the Financial Bureau (2012~) Worked as the Vice-Minister of Finance for International Affairs (2013~) Worked as the Special Advisor to the Cabinet (2014~) Worked as the Deputy Managing Director of IMF (March, 2015~) Worked as the Chief Director of the Research Center of International Affairs of Mitsuisumitomo Bank (December, 2020~)