The Lexington Group, the research house that specialises in the financial services industry, has appointed a well-known Japanese economist to become its chief economist for the Asia region. 

Mori Ryo was previously the deputy head of Japanese economic research and is credited along with his team for having accurately predicted in 2007 that the Asian economic decline will happen in 2009. In 2006, Mori was the deputy head of Asian economic research based in Singapore and then moved to Tokyo a year after to manage the local research division. In 2010, he was promoted to deputy head in Japan. 

He now reports to Itsuki Nakamura, chief executive. 

The Lexington Group is based in Tokyo and deals financial industry research, with a focus on equities, both listed on stock markets and privately traded. It is outsourced by various institutions to provide supplementary analysis of financial instruments.