After working at Nomura Research Institute, Ltd. and Barclays Bank PLC, Masahiro Matsuoka joined UBS Securities Japan Ltd. (now UBS Securities), in 1997, and was subsequently appointed concurrently as Head of Equity Research and Managing Director in 1999. He joined the Industrial Revitalization Corporation Japan in 2003 and was appointed as Managing Director. Mr. Matsuoka co-established Frontier Management Inc. in 2007 and currently serves as Co-President. Mr. Matsuoka was appointed Chairman of Frontier Management (Shanghai) Inc. (a wholly-owned subsidiary) in 2012.
While at the Industrial Revitalization Corporation Japan in 2003, Mr. Matsuoka was involved with business reorganization plan proposal and in the reorganization process of regional department stores, such as Tsu-Matsubishi Co. and the Usui Department Store Co. He was also involved in the reorganization plan proposal phase of Kanebo, Ltd. in 2004, and assisted as a director in the company in its execution of the plan.