Natsuko Douglas

Macquarie Capital Securities (Japan) Ltd. (MCS-J) is a securities brokerage firm and a wholly-owned subsidiary of Macquarie International Investments, which in turn is a subsidiary of Macquarie Bank Ltd. (SY: MBL), based in Australia. Established in 2004 following the acquisition of the Asian equity division of ING Groep NV (NYSE: ING) by Macquarie, MCS-J provides trading and financial analysis services to Japanese and overseas institutions as well as hedge funds. The firm specializes in Japanese equity, economic research, fundamental research at the company level, quantitative analysis, information on infrastructure funds and other funds, equity derivatives and structured products. They also act as intermediary for Macquarie Bank in the equity-linked notes private placement market. The firm's analysts research themes including Japanese reflation, global industries and Asian technologies. MCS-J is located in Tokyo, and operates in close cooperation with Macquarie sales teams in London, Geneva, Frankfurt, New York and Boston.

Nomura Securities Co., Ltd. (NSC) is a wholly-owned brokerage subsidiary of Nomura Holdings, Inc. (TSE: 8604; NYSE: NMR). Headquartered in Tokyo, the firm was founded in 1925. NSC places a strong emphasis on research, both fundamental and quantitative. In addition to stock and bond underwriting, their activities include IPO and M&A advisory, wealth management, separately managed accounts, fund wrap services, prime brokerage and structured equity finance. Their clients include institutions, hedge funds, private banks and private equity funds as well as corporate clients and retail investors.

Part of Haitong Securities Co., Ltd., Haitong International Japaninvest KK is a financial services company based in Tokyo, Japan. The Japanese company provides fundamental coverage of over 400 companies across China, Hong Kong, Taiwan, and the Peoples' Republic of China, via their 'connect' coverage, and South Korea. The company also provides investors with a quantitative multi-factor screening of the parent company's rated universe of over 750 stocks, looking for financial strength and earnings reliability. The company conducts extensive 'corporate access' activities, connecting investors to the region's corporates, via conferences, events, field trips, and round tables, in Asia-Pacific, Europe, and the US. The company has research sales offices in Tokyo, Hong Kong, and London, and complement those in New York and San Francisco. The company was founded by Rupert J. Eastwood.

Burgundy Asset Management Ltd. (Burgundy) is a Canadian fund management firm headquartered in Toronto, Ontario. The firm was founded in 1990 and is a direct subsidiary of Laucam Holdings Ltd. Burgundy offers discretionary investment management services to institutions (foundations, endowments and pension funds) and private individuals through separately managed accounts and commingled funds.