Participant Profile
Risako Suefuji
Other : Executive Officer, CFO and CAO, Visional, Inc.Faculty of Law GraduatedKeio University alumni (2004, Faculty of Law). After graduation, she worked at Morgan Stanley, General Electric, and GlaxoSmithKline before joining Visional in 2019.
Risako Suefuji
Other : Executive Officer, CFO and CAO, Visional, Inc.Faculty of Law GraduatedKeio University alumni (2004, Faculty of Law). After graduation, she worked at Morgan Stanley, General Electric, and GlaxoSmithKline before joining Visional in 2019.
Interviewer: Jiro Tamura
Faculty of Law ProfessorInterviewer: Jiro Tamura
Faculty of Law Professor
A New Recruitment Service
──Ms. Suefuji, you have had a wonderful career. First, I would like to ask about your current work at Visional, a very high-momentum startup. What exactly is HR (Human Resources) Tech (Technology)?
Our group, Visional, provides services in the HR Tech field as its main business, but as a whole group, our mission is "New possibilities, one after another." We aim to leverage technology to promote DX (Digital Transformation) across various industries.
In the HR Tech field, our main service is "BizReach," a career change platform that connects immediate-asset talent with companies. Previously, when considering a career change, you would consult with agents and only know about the jobs they presented to you. By registering on our platform, it is a service that allows you to visualize your own career options and possibilities. In addition, we are developing various businesses such as "BizReach Succeed," a DX for the M&A field, and "Trabox," a DX for the logistics field.
──BizReach has some interesting commercials, doesn't it? What was the reason you moved from a foreign-affiliated company to a startup?
I have changed jobs three times so far, and my current company is my fourth. To be honest, I have never once actively wanted to quit a company. In every case, I changed companies because of encounters and connections with people. This time as well, while I was working at my previous job, a pharmaceutical company called GSK (GlaxoSmithKline), I happened to be on a panel discussion with our representative, Mr. Minami, and was invited through that connection.
As for why I joined a startup, one reason was that although I had built my career in foreign-affiliated companies, I always wanted to join a Japanese company someday. This relates to my upbringing, but I had a desire to help make Japanese society better in some way.
Also, I thought it was my last chance if I were to challenge myself at a startup, so I changed jobs just before turning 40. It looked like a company that was growing rapidly and enjoying change without fear, so I thought I could use my experience to help this company grow larger and become one of Japan's leading startups.
The Roles of CFO and CAO
──Recently, there have been many titles using English acronyms. Could you explain the roles of CFO and CAO?
CFO (Chief Financial Officer) is translated as the Chief Financial Officer in Japanese, a role often referred to as the Head of Finance. CAO (Chief Administrative Officer) would be something like the Head of Administration. I see the CFO as a role that supports the business from an offensive and defensive financial perspective, and the CAO as a role that supports the business from the perspectives of corporate governance and productivity.
In other words, the CFO thinks from a monetary perspective about how best to allocate management resources when the company expands its business, or what to do to protect the company during a crisis like the COVID-19 pandemic. On the other hand, the CAO oversees fields such as legal affairs, compliance, and general affairs, supporting everyone and ensuring the business proceeds correctly.
──So you are the person looking at everything important, from finance to legal and general affairs. On the other hand, how do you think the career change market will evolve in the future?
The career change market has continued to see double-digit growth for the past 10 years. As we move away from the era of working at one company until retirement, career changes are no longer a taboo, and labor mobility is increasing. In fact, even in the United States, lifetime employment was mainstream when manufacturing was the primary industry, but labor mobility expanded as the economy shifted toward the service industry. I believe Japan will follow the same path.
Furthermore, corporate lifespans are becoming shorter due to technological evolution. Therefore, I believe the market will expand further in Japan as people stop assuming lifetime employment and begin to choose their own careers more proactively.
However, I don't think lifetime employment is necessarily bad. If you can experience various roles within a company and achieve self-growth and self-fulfillment there, I don't think there is a need to change jobs. Changing jobs takes a lot of effort, and there is also the aspect of having to build your own brand and network of colleagues from scratch.
Experience Built at Foreign-Affiliated Companies
──Your career since graduating from university has been brilliant, gaining experience at major foreign-affiliated firms such as Morgan Stanley, GE (General Electric), and GlaxoSmithKline.
Actually, I never once walked a path thinking, "I want this kind of career." It's more like I faced the things in front of me with all my might, and when I looked back, this is how it turned out (laughs). I think the axis of my career is finance. On top of that, I believe my strength lies in the ability to plan things through business strategy and then see them through from an execution perspective.
First, I experienced M&A advisory at Morgan Stanley, where I learned to analyze things logically and stand before clients as a professional. My second company was GE, where I did "offensive" work involving not just numbers but also business strategy and marketing. I also learned the importance of leadership. After that, I returned to finance at GSK, where I later learned how to think about internal controls, compliance, and risk management as part of the management team.
It's a case of one good experience leading to the next opportunity. Rather than choosing my jobs strategically, it just happened that way as a result. Thankfully, I have always been blessed with good bosses and good colleagues, and I have enjoyed my work.
──For example, in Japan, if someone has changed jobs many times, people might think, "Is this person going to change jobs again?"
Certainly, when I am on the hiring side, if someone has changed jobs many times, I do ask for the reason. However, I think it depends on the reason. If it's for a positive reason, such as seeking a more interesting opportunity or a chance to step up, and the person has a track record of results, I don't think it's particularly negative.
Looking at it from the other side, I personally don't want to be someone who clings to a company no matter how much I dislike it, and I want the people around me to feel the same way. Ultimately, it's about finding a profession, not just a company. I want to always look for a place where I can be active and walk my career path proactively.
──That's true. The era where you have to cling to one company is coming to an end. What about the differences between foreign-affiliated and Japanese companies?
Even among foreign-affiliated firms, some have a Japanese culture while others have a global culture.
The companies I worked for were more of the latter. At GE and GSK, my bosses were non-Japanese, and more than half of my work was in English, so I worked in a global environment.
Diversity was a given there. People from different backgrounds—nationalities, genders, ages, and upbringings—worked together, so there was never a negative reaction to differing opinions. Rather, diverse opinions are the strength of an organization. I think I learned a great deal from being able to work in such an environment.
Japanese companies usually have Japanese management and most employees are Japanese, so perspectives inevitably tend to be similar. In that case, it won't become a diverse environment unless you make a conscious effort, so I think that is the biggest difference.
──What do you think companies will be like in the future?
From now on, I think we are entering an era where employees will increasingly choose their companies. The pandemic has accelerated that paradigm shift; for example, whether or not remote work is possible can be a trigger for changing jobs. I think a company must be one that is chosen by its employees.
This isn't about pandering to employees, but about how to provide a stage to attract and retain attractive and talented people. I believe that will be a crucial factor in corporate management from now on.
As with the pandemic, in an era where uncertainty continues, flexible corporate management is required, and I think there will be an increasing demand for talented individuals who are personally flexible and resilient.
Overseas Experience Since Childhood
──I'd like to ask about your upbringing. Your father was a very famous diplomat, and you lived back and forth between overseas and Japan, didn't you?
I was born overseas and lived in Washington, D.C. from age 0 to 3, and then received my education in Japan until the 3rd grade of elementary school. After that, from 3rd grade until the 1st year of junior high school, I stayed in London for four years. I spent from the 1st year of junior high to the 1st year of high school in Japan, then the 2nd and 3rd years of high school in San Francisco, and then Keio from university—it was like being a rootless weed.
──Was that difficult for you? Or did you take it positively and enjoy it?
You might not imagine it now, but I was originally very shy (laughs). So, my childhood was truly difficult. Because I went back and forth between Japan and overseas every few years, my language learning was always halfway for both.
However, things changed when I made the choice to go to San Francisco myself in my 2nd year of high school. My father was being posted overseas again, and since university entrance exams were approaching, my parents told me, "Stay in Japan." At that time, I thought, "Why are you deciding my life for me?" and I left Japan ahead of them to do a homestay overseas alone for a while. There, the desire to make my own life choices and open up my own life sprouted. From then on, my personality became extroverted and proactive.
──That is surprising but wonderful. Your father was a diplomat who was very successful; what kind of influence did that have?
I am very close with my father, and I think I naturally grew up watching him. There was an incident in high school when I realized how big his influence was.
When I was at a high school overseas, I went to a nursing home once a week for volunteer work. I think I was mistaken for being Chinese there, but at one point, the moment it was discovered I was Japanese, a Chinese lady there screamed at me and threw a raw egg at me.
I didn't understand what had happened, and when I called my father that night, he talked to me about historical perceptions. He said that for that lady, there might have been unforgettable memories of what Japanese people in the past did to her family or those close to her. At that moment, I understood that "history," which had only been an event in a textbook to me, was still living today.
And when I thought that I wanted to become a global talent and a bridge between various countries so that such sad history would never happen again, I realized I was unconsciously very influenced by my father and wanted to become a diplomat.
Believing in the Power of Colleagues
──So that happened. Why did you choose Keio for university?
Part of it was that my parents told me they wanted me to go to a Japanese university, but my mother is a Keio graduate and spoke so happily about her student days that I had been influenced since I was a child. Also, I thought it had a very free school spirit, was not bound by molds, and would have a wide variety of people. Keywords like "independence and self-respect" and "Jiga-sakko" (being a pioneer) also matched me, so I wanted to enter Keio.
──In your mother's era, there were still few women who went to top-tier co-educational universities, so hearing that she enjoyed it must have had an impact.
I myself have been deeply involved in the Federation of Mita-kai since graduation, and the strength of this alumni network is indeed a strength of Keio.
──That's true. How was the Tamura Seminar during your time as a student?
The connections I made in the seminar still continue today, and the training I received over those two years was very significant. In the Tamura Seminar, we naturally debated from various perspectives. We logically analyzed why the opponent thought that way and spoke from their standpoint. Being able to acquire the importance of always having diverse perspectives was very useful in my subsequent career.
──That is very heartening to hear. How did you choose your first job?
I was thinking about becoming a national civil servant until around the end of my second year of university. However, in talking with my father, he said that while the influence of national civil servants used to be overwhelmingly large, from now on, the country can become stronger by the private sector becoming stronger, so I changed direction.
While job hunting with the desire to do work that would benefit Japanese society, I chose foreign-affiliated companies because I felt they were environments where I could grow as quickly as possible, and I chose foreign finance to first understand how the world's systems work.
──Is there anything you want to convey to young Keio University alumni and Keio students?
I can't say anything grand, but looking back, what I think is that I want you not to be afraid of taking risks.
I believe you can challenge anything if you just strip away the fear. I myself am able to enjoy my work like this now as a result of always taking the opportunities that rolled in front of me one by one, so I think it's important to try and grab any opportunity that comes your way.
──I see. Finally, please tell us what you value most.
One is that "you should control your own life."
Also, in my daily work, I value seeing through the things I believe are right. If you do the right thing, the people around you will cooperate.
Even if it's something you can't do alone, if you have a correct axis, people will gather around you and you can achieve something together. I value the power of such colleagues, and I am always full of gratitude.
──Professor Robert Kegan of Harvard University uses the term "adaptive leadership," and what you just said is exactly that. In other words, once people become capable, they tend to think they can dominate those around them, but ultimately such people do not become great leaders. A true leader is someone who has the ability to adapt and respond.
I look forward to you shining even more and being even more active. Thank you very much.
(Recorded online on March 14, 2021)
*Affiliations and titles are as of the time of publication.