Sumitomo Mitsui Financial : Organizational and Personnel Changes

【NEWS RELEASE】

March 16, 2023

SMBC Nikko Securities Inc.

Organizational and Personnel Changes

SMBC Nikko Securities Inc. announces organizational and personnel changes as follows.

1. Organizational Change (Effective as of March 16, 2023)
2. 1. Global Business Planning Division
   2. • Preparatory Department for Establishment of Subsidiary in China is abolished.
3. Organizational Changes (Effective as of April 1, 2023)
4. 1. Product Marketing Division
   2. • Product Marketing Planning Dept. is transferred from Product Marketing Division to Product Marketing Unit.
      • Equity Marketing Dept. is reorganized as Retail Equity Business Dept.
   3. Investment Management & Advisory Division
   4. • Investment Management & Advisory Division is established.
      • Investment Management Business Dept. and Chief Investment Office are transferred from Product Marketing Division to Investment Management & Advisory Division.
   5. Private Corporate Finance Division
   6. • IPO Underwriting & Consulting Division is renamed Private Corporate Finance Division.
      • Investment Banking IPO I Dept. is renamed Private Corporate Advisory I Dept.
      • Investment Banking IPO II Dept. is renamed Private Corporate Advisory II Dept.
      • Investment Banking IPO III Dept. is renamed Private Corporate Advisory III Dept.
      • Private Companies I Dept is renamed Private Corporate I Dept.
      • Private Companies II Dept is renamed Private Corporate II Dept.
      • Private Companies Osaka Dept is renamed Private Corporate Osaka Dept.
   7. Corporate Finance Division
   8. • Asset Finance Section is reorganized as Asset Finance Dept.
   9. Mergers and Acquisitions Advisory Division
   10. • Engagement Advisory Dept. is established.
   11. Global Capital Markets Division
   12. • Sustainable Finance Dept. is reorganized as Sustainable Solution Dept. and transferred from Global Capital Markets Division to Global Investment Banking Unit.

This translation is based on the press release in Japanese announced on March 16, 2023. The content of the translation may not be coincident with the original.

3. Changes in Executive Officers (Effective as of March 31, 2023)

1. Retirement of Executive Officers

	Name		New		Current
			President & CEO, Nikko Business Systems Co.,		Managing Executive Officer, Head of Board of
	Shinya Inose		Ltd. (Effective as of April 1, 2023)		Directors Office and Senior Deputy Head of
					Business Risk Control
	Seiichi Inaba		President & CEO, Nikko Investor Relations		Managing Executive Officer, Head of Human
		Co.,Ltd. (Effective as of April 1, 2023)		Resources Unit and Head of Human Resources
		President & CEO, Nikko Research Center, Inc.		Managing Executive Officer, Head of Product
	Makoto Nishioka	(Effective as of April 1, 2023)		Marketing Unit and Head of Product Marketing
					Division
	Yoshinori Hirahara		Executive Managing Director, Nikko Systems		Executive Officer, Head of Direct Marketing
		Solutions, Ltd. (Effective as of April 1, 2023)
	Yuji Anashige	-	Executive Officer, Head of Shutoken District
					Executive Officer, Senior Deputy Head of Business
	Koji Matsumoto	-		Strategy & Development, Senior Deputy Head of
		Global Business Planning and Deputy Head of Special
					Missions (North America)
	Katsuyuki Kawabata		Executive Managing Director, Nikko Business		Executive Officer, Head of West Japan / Hokuriku
		Systems Co., Ltd. (Effective as of April 1, 2023)		District

1. Changes in Executive Officers

	Name		New		Current
			Deputy President Executive Officer, Head of		Deputy President Executive Officer, Head of
	Kenichi Hida		Compliance Unit and Head of Board of Directors
			Compliance Unit
			Office
			Deputy President Executive Officer, Head of Global		Deputy President Executive Officer, Head of Global
	Hideki Sakamoto		Investment Banking Unit, Head of Corporate Business		Investment Banking Unit
			and Head of Special Missions (Wealth Advisory)
	Takashi Aiki	Senior Managing Executive Officer, Head of Risk	Senior Managing Executive Officer, Head of Risk
	Management Unit and Operation & System Unit	Management Unit
			Senior Managing Executive Officer, Head of Planning		Managing Executive Officer, Co-Head of Global
	Shuji Yoshioka		Unit, Head of Finance and Head of Business Strategy
			Markets Unit and Co-Head of Equity
			& Development
	Shinsuke Ushijima		Senior Managing Executive Officer, Head of Product		Managing Executive Officer, Head of Planning Unit
		Marketing Unit and Head of Product Marketing		and Head of Finance
	Hideyuki Omokawa		Managing Executive Officer, Senior Deputy Head of		Managing Executive Officer, Head of Business
		Business Strategy & Development		Strategy & Development
	Hiroshi Inoue		Managing Executive Officer, Senior Deputy Head of		Managing Executive Officer, Deputy Head of Global
		Global Investment Banking Unit		Investment Banking Unit
			Managing Executive Officer, Head of Human		Managing Executive Officer, Head of Financial &
	Tatsuya Shiine			Public Institutions Unit and Head of Financial &
		Resources Unit and Head of Human Resources
				Public Institutions
	Keiji Wada		Managing Executive Officer, Head of Financial &		Executive Officer, Head of Corporate Business and
		Public Institutions		Head of Special Missions (Wealth Advisory)
	Hajime Kawakami		Managing Executive Officer, Head of Kyushu /		Executive Officer, Head of Kyushu / Shutoken East
		Shutoken East District		District

2

This translation is based on the press release in Japanese announced on March 16, 2023. The content of the translation may not be coincident with the original.

	Name		New		Current
			Managing Executive Officer, Senior Deputy Head of
			Global Investment Banking Unit and Head of		Executive Officer, Head of Corporate Finance (Real
	Munehiro Yamada		Corporate Finance (Real Estate & Infrastructure Group		Estate & Infrastructure Group and Consumer, Retail &
		and Consumer, Retail & Healthcare Group and		Healthcare Group and Consumer, Retail & Healthcare
			Consumer, Retail & Healthcare Group II and Asset		Group II and Asset Finance)
			Finance)
			Managing Executive Officer, Senior Deputy Head of		Executive Officer, Senior Deputy Head of Sales Unit,
	Daiji Nakata		Sales Unit, Head of Sales Planning and Head of Direct
			Head of Sales Planning
			Marketing
	Akira Yamamoto		Managing Executive Officer, Head of Risk		Executive Officer, Head of Risk Management
		Management
	Norikazu Akedo		Managing Executive Officer, Co-Head of Global		Advisor
		Markets Unit and Co-Head of Equity
	Tomoharu Sato		Executive Officer, Co-Head of Private Corporate		Executive Officer, Co-Head of IPO Underwriting &
		Finance		Consulting
			Executive Officer, Corporate Finance (Financial		Executive Officer, Corporate Finance (Financial
	Hitoshi Tsuboi		Sponsor Group) and Co-Head of Private Corporate		Sponsor Group) and Co-Head of IPO Underwriting &
			Finance		Consulting
	Koji Ueda		Executive Officer, Head of Wholesale Business		Senior General Manager, Head of Wholesale Business
		Planning		Planning
	Kazuhiko Sawanobori		Executive Officer, Co-Head of Equity and Co-Head of		Senior General Manager, Co-Head of Equity and Co-
		Research (Equity Research)		Head of Research (Equity Research)
		Deputy President, SMBC Nikko Securities America,	Deputy President, SMBC Nikko Securities America,
	Masahito Nonaka	Inc.	Inc.
	Executive Officer (SMBC Nikko Securities Inc.)		Senior General Manager (SMBC Nikko Securities
					Inc.)
	Masashi Iguchi		Executive Officer, General Manager, Kyoto Branch		General Manager, Kyoto Branch
			Executive Officer (Singapore)		Chief Executive Officer & President SMBC Nikko
	Toshihiko Oshio				Securities (Singapore) Pte. Ltd.
				Senior General Manager (SMBC Nikko Securities
					Inc.)
	Hiroki Takeda		Executive Officer, Head of Shutoken District		General Manager, Nihonbashi Branch
			Executive Officer, Senior Deputy Head of Corporate		General Manager, Communications
	Maki Nagatsuma		Planning & Customer-Oriented Business Planning
		(Communications, Customers Relation) and General
			Manager, Communications
	Yuichiro Kibe	Executive Officer, Head of Private Wealth	Senior General Manager, Head of Private Wealth
	Hirotaka Yuasa		Executive Officer, Head of Compliance and General		Senior General Manager, Head of Compliance and
		Manager, Compliance		General Manager, Compliance
		Executive Officer, Senior Deputy Head of Global		Executive Officer, Senior Deputy Head of Global
	Fumio Takamatsu	Capital Markets Origination, Senior Deputy Head of		Capital Markets Origination, Senior Deputy Head of
	Investment Banking & Solution		Investment Banking & Solution and General Manager,
					Sustainable Finance

3

This translation is based on the press release in Japanese announced on March 16, 2023. The content of the translation may not be coincident with the original.

4. Personnel Changes (Effective as of April 1, 2023)

	Name		New		Current
	Kazuhisa Sunada		Senior General Manager, Head of Operation		Senior General Manager, Senior Deputy Head of Risk
				Management
			Senior General Manager, Senior Deputy Head of		Senior General Manager, General Manager, Global
	Takuya Shinahara		System and General Manager, Global Markets		Markets Technology
			Technology
			Senior General Manager, Senior Deputy Head of		General Manager, Product Marketing Planning
	Mitsutaka Kajiya		Product Marketing and General Manager, Product
			Marketing Planning
			Chief Executive Officer & President, SMBC Nikko		Deputy President, SMBC Nikko Securities (Singapore)
	Takamitsu Kagyo		Securities (Singapore) Pte. Ltd.		Pte. Ltd.
			Senior General Manager (SMBC Nikko Securities Inc.)
	Masahiro Yamaguchi		Senior General Manager, General Manager, Sales		General Manager, Sales Planning
		Planning
	Atsushi Takahashi		Executive Director, Nikko Business Systems Co., Ltd.		Senior General Manager, Head of Administrative
		Senior General Manager (SMBC Nikko Securities Inc.)		Operation
	Naoto Koga		General Manager, Financial Institutions Osaka		General Manager, Chofu Branch
	Takeshi Tajima		Deputy Head of Member of the Audit and Supervisory		Deputy General Manager, Corporate Planning
		Committee
	Masataka Mori		Deputy Head of Member of the Audit and Supervisory		General Manager, Legal
		Committee
	Ikuko Honda		General Manager, Legal		Deputy General Manager, Business Compliance
	Hajime Ochi		Deputy Head of Human Resources		Deputy General Manager, Human Resources
	Miwa Saito		General Manager, Personnel Development		General Manager, Private Banking II
	Tomoyuki Hashimoto		Deputy Head of System and Operation		Deputy Head of System, General Manager, System
				Security Planning
	Tetsuya Nakamura		General Manager, System Security Planning		General Manager, System Planning
	Taisuke Isono		General Manager, Nikko Open Innovation Lab		Investment Banking Business Support
	Shingo Imamura		General Manager, Financial Planning		Deputy General Manager, Corporate Planning and
				Financial Planning
	Makoto Miura		Deputy Head of Global Business Planning		Manager, Global Human Resources
	Sotaro Shiba		General Manager, Sales Business Support		General Manager, Toyama Branch
	Kosei Sakamoto		General Manager, Solution Business Advisory		General Manager, Kochi Branch
	Hide Nishikawa		Deputy Head of Regional Financial Institutions and		General Manager, Financial Institutions Osaka
		Corporate Clients
	Osamu Sawada		General Manager, Institutional Business		Deputy General Manager, Financial & Public
				Institutions Group

4

This translation is based on the press release in Japanese announced on March 16, 2023. The content of the translation may not be coincident with the original.

	Name		New		Current
	Daiya Takatsuka		General Manager, Private Wealth Strategy		Section Manager, Private Banking II
	Yasushi Okada		General Manager, Private Banking II		General Manager, Private Wealth Strategy
	Takeshi Umeda		Deputy Head of Public Institutions		General Manager, Fixed Income Marketing
	Takaaki Matsumoto		General Manager, Public Institutions I		General Manager, Public Institutions II
	Tsuyoshi Mizoo		General Manager, Public Institutions II		General Manager, Hamamatsu Branch
	Karen Komase		General Manager, Public Institutions Nagoya		General Manager, Akasaka Branch
	Norimasa Yamamoto		General Manager, Asset Management Products		General Manager, Asset Management & Insurance
				Marketing
	Hiroyuki Akagi		General Manager, Asset Management & Insurance		General Manager, Yamagata Branch
		Marketing
	Masayoshi Mitani		General Manager, Retail Equity Business		General Manager, Equity Marketing
	Masayuki Takao		General Manager, Fixed Income Marketing		General Manager, Oita Branch
	Tomonobu Sasaki		Deputy Head of Investment Management & Advisory		General Manager, Asset Management Products
	Hiroshi Terada		Senior Deputy Head of Global Markets Planning		General Manager, Global Markets Planning
	Tomoji Yokoyama		General Manager, Global Markets Planning		Deputy General Manager, Global Markets Planning
	Masami Wada		General Manager, Equity Trading		Deputy General Manager, Equity Trading
	Norio Asamura		General Manager, Global Macro Sales		Deputy General Manager, Global Macro Sales
	Seiichi Izumo		General Manager, Financial Market & Economic		General Manager, Global Macro Sales
		Research
	Tatsunoshin Nihei		General Manager, Debt Capital Markets		General Manager, Public Sector Debt Capital Markets
	Junichiro Wada		General Manager, Public Sector Debt Capital Markets		Deputy General Manager, Public Sector Clients
	Norimasa Fujii		Deputy Head of Corporate Business		Co-General Manager, Stock Plan Solutions
	Kenichi Iwase		General Manager, Stock Plan Solutions		General Manager, Sales & Advisory - Corporate Clients
	Takaaki Kurashima		General Manager, Sales & Advisory - Corporate Clients		Section Manager, Sales & Advisory - Corporate Clients
	Kazuhiro Kochi		Senior Deputy Head of Private Corporate Finance		Senior Deputy Head of IPO Underwriting & Consulting
	Masaru Sakaguchi		Senior Deputy Head of Private Corporate Finance		Senior Deputy Head of IPO Underwriting & Consulting
	Hidetsugu Yatabe		Deputy Head of Private Corporate Finance		Deputy Head of IPO Underwriting & Consulting
	Hisakazu Sakai		Deputy Head of Private Corporate Finance		General Manager, Investment Banking IPO I

5

This translation is based on the press release in Japanese announced on March 16, 2023. The content of the translation may not be coincident with the original.