TOKYO, Japan -- The appointment of James Spencer as Chief Strategist for Australia is in-line with its continuing plan to strengthen its equities research by forecasting macroeconomic events. James Spencer will be based in Sydney and report to the Stephen Cole, Director of Private Equity and Koyal Group´s board of directors.

James Spencer brings over 19 years of macroeconomic experience to Koyal Group, joining from the Commonwealth Bank of Australia, where he began his career as an advisor on central bank policy. He later went on to hold various positions at the bank. A native Australian, James attended the University of Melbourne to obtain his undergraduate degree, a Bachelor of Commerce. He later went on to England to receive his MBA from the University of London Business School.

“Australia is a key market in the Asian region, and I believe that James will be an integral part of reshaping our strategy there. His experiences and broad network of connections will be invaluable to the continued growth of Koyal Group´s operations in Australia,” said Koyal Group CEO Edward Neilson commenting on the appointment, “The Royal Bank of Australia has implemented efforts to lower the value of their currency, by lowering interest rates and pledging to maintain low levels. The effect has not been what they desired. As economic growth in China slows it will also hamper the Australian economy. The normally strong Australian mining sectors has also suffered as of late, and we must search for new sources of revenues in the country.”