Group Management System
As of Apr 1, 2023
Directors (Members of the Board)
Chairman of the Board

Takashi Hibino
Chairman of the Board
Chairman, Member of the Board,
Daiwa Securities Co. Ltd.
1979 Joined Daiwa Securities Co. Ltd.
He served successively as the Head of Products, Overseas, Corporate Planning and Personnel and thereby has broad experience related to the business of the whole Daiwa Securities Group. Also, he served as the Representative Corporate Executive Officer, President and CEO of the Company from 2011 to 2017 and has broad experience and insights as a manager.
Director

Seiji Nakata
President and CEO
President, Member of the Board,
Daiwa Securities Co. Ltd.
1983 Joined Daiwa Securities Co. Ltd.
He served successively as the Deputy Head of Planning and Personnel of the Company, Head of Corporate Institution and Head of Sales of Daiwa Securities Co. Ltd., and COO and Head of Retail of the Company. He serves as the Representative Corporate Executive Officer, President and CEO of the Company from 2017. He has expertise and experience to present a management strategy based on a wide vision and also to execute adequately the management and control of Daiwa Securities Group.
Director

Toshihiro Matsui
Deputy President
COO and Head of Wholesale
Deputy President, Member of the Board,
Daiwa Securities Co. Ltd.
1985 Joined Daiwa Securities Co. Ltd.
He served as the Managing Director of Corporate Institutions and Corporate Finance of Daiwa Securities SMBC Co. Ltd. and Corporate Planning Dept. of the Company. Since his inauguration as Corporate Executive Officer of the Company in 2009, he served as the Head of Legal, Deputy Head of Planning, Head of Planning and Human Resources and Head of Wholesale, etc., of the Company. He serves now as the Representative Corporate Executive Officer, Deputy President, COO and Head of Wholesale of the Company. He has broad experience and knowledge in broad areas such as Retail, Wholesale, Investment Banking, Planning and Human Resources.
Director

Keiko Tashiro
Deputy President
Executive Head of Overseas Operations,
Head of Sustainability and Think Tank
Deputy President, Member of the Board,
Daiwa Securities Co. Ltd.
1986 Joined Daiwa Securities Co. Ltd.
She served successively as the Managing Director of the IR Office of the Company and Managing Director of the Daiwa Direct Planning Dept. of Daiwa Securities Co. Ltd. She became a Senior Managing Director of the Company in 2009, and since then she has served successively as its Head of Daiwa Direct Business, Head of Fixed Income, Currency and Commodities and as Head of the Americas business and Deputy Head of Overseas (in charge of the Americas) of the Company and Chairperson of the Board of Daiwa Capital Markets America Holdings Inc. She serves now as the Corporate Executive Officer, Deputy President, Executive Head of Overseas Operations, Head of Sustainability and Think Tank of the Company. She has broad knowledge and experience in the Overseas and Corporate Planning.
Director

Akihiko Ogino
Deputy President
Executive Head of Corporate Planning and Human Resources
Deputy President, Member of the Board,
Daiwa Securities Co. Ltd.
1989 Joined Daiwa Securities Co. Ltd.
He served as Managing Director of the Executive Office, the Corporate Planning Dept. and the Legal Dept. of the Company. He became a Senior Managing Director of the Company in 2014, and since then he has served successively as Head of Legal, Deputy Head of Planning, Deputy Head of Overseas and Head of Planning of the Company and now serves as Corporate Executive Officer, Deputy President and Executive Head of Corporate Planning and Human Resources of the Company. He has broad knowledge and experience in Planning and Human Resources and also has experience in Investment Banking.
Director

Sachiko Hanaoka
Audit&Supervisory Board Member,
Daiwa Securities Co. Ltd.
1990 Joined Daiwa Securities Co. Ltd.
After serving in the Research and Product Divisions, she served successively as the Managing Director of the Products Planning Dept., the Education and Training Dept., and the Investment Strategy Dept. of Daiwa Securities Co. Ltd. Throughout her broad accumulated experience in the Research Division, she has developed a strong analytical ability and broad knowledge in business accounting and broad accumulated experience in management.
Director

Hiromasa Kawashima
Audit&Supervisory Board Member,
Daiwa Securities Co. Ltd.
1992 Joined Daiwa Securities Co. Ltd.
After serving in the Human Resources and Investment Banking divisions, he served successively as Managing Director of the Executive Office and Internal Audit Dept. of the Company. He has broad knowledge and experience in Human Resources and Internal Audit.
Outside Director

Michiaki Ogasawara
He has held positions as the Director-General of Global ICT Strategy Bureau at the Ministry of Internal Affairs and Communications and as Vice-Minister at the same ministry. The Company has drawn on his expertise and experience nurtured throughout his career in providing management advice. He has been a director for seven years.
1976 | Entered Ministry of Posts and Telecommunications |
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2003 | Director-General of Tohoku Bureau of Telecommunications, Ministry of Internal Affairs and Communications |
2004 | Director-General of Kanto Bureau of Telecommunication, the above Ministry |
2005 | Deputy director-general of the above Ministry Director-General of Local Public Service Personnel Department, Local Administration Bureau, the above Ministry |
2006 | Director-general of Civil Protection and Disaster Management Department, Fire and Disaster Management Agency, the above Ministry |
2007 | Director-General of the Information and Communications Policy, the above Ministry |
2008 | Director-General of the Global ICT Strategy Bureau, the above Ministry |
2010 | Assistant Vice-Minister of the above Ministry |
2012 | Vice-Minister of the above Ministry |
2013 | Advisor of Daiwa Institute of Research Ltd. |
2015 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Outside Director

Hirotaka Takeuchi
He has served as Professor of the Faculty of Commerce and Management at Hitotsubashi University and is currently Professor at Harvard Business School. The Company has drawn on his expertise and experience nurtured throughout his career in providing management advice. He has been a director for six years.
1976 | Lecturer of Harvard Business School |
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1977 | Assistant Professor of Harvard Business School |
1983 | Assistant Professor of Hitotsubashi University, Faculty of Commerce and Management |
1987 | Professor of Hitotsubashi University, Faculty of Commerce and Management |
1998 | Dean of Hitotsubashi University, the Graduate School of International Corporate Strategy |
2010 | Professor Emeritus of Hitotsubashi University Professor of Harvard Business School (to date) |
2016 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Outside Director

Ikuo Nishikawa
He has served as Representative Partner of Century Audit Corporation and Chairman of Accounting Standards Board of Japan. The Company has drawn on his expertise and experience nurtured throughout his career in providing management advice. He has been a director for six years.
1990 | Representative Partner of Century Audit Corporation (currently known as Ernst & Young ShinNihon LLC) |
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1993 | Representative of JICPA in International Accounting Standards Committee |
1995 | Executive Director of the Japanese Institute of Certified Public Accountants |
2001 | Deputy Chairman of Accounting Standards Board of Japan |
2007 | Chairman of Accounting Standards Board of Japan |
2012 | Professor of Keio University, Faculty of Business and Commerce |
2016 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
2017 | Guest Professor of Graduate School of Keio University, Faculty of Business and Commerce (to date) |
Outside Director

Eriko Kawai
She has held positions such as the Pension Fund Administrator of BIS and OECD, etc. The Company has drawn on her ample expertise and insight related to corporate management accumulated throughout her career. She has been a director for four years.
1981 | Entered Nomura Research Institute, Ltd. |
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1985 | Management Consultant of McKinsey & Company, Inc. |
1986 | Fund Manager of Mercury Asset Management/SG Warburg plc |
1995 | CIO of Yamaichi Regent ABC Polska, Head of Investment |
1998 | Pension Funds Administrator of Bank for International Settlements (BIS) |
2004 | Senior Pension Funds Administrator of Organization for Economic Cooperation and Development (OECD) |
2008 | Representative of Kawai Global Intelligence |
2012 | Professor of Institute for the Promotion of Excellence in Higher Education, Kyoto University |
2013 | Professor of Institute for Liberal Arts and Sciences, Kyoto University |
2014 | Professor of Graduate School of Advanced Integrated Studies in Human Survivability, Kyoto University (to date) |
2018 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Outside Director

Katsuyuki Nishikawa
He served successively as the Vice-Minister of Justice, the Superintending Prosecutor of the Tokyo High Public Prosecutors Office and the Prosecutor General and is currently an attorney at law. The Company has drawn on his significant experience and professional knowledge related to law and compliance accumulated throughout his career. He has been a director for three years.
1979 | Prosecutor of Osaka District Public Prosecutors Office |
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2008 | Director-General of the Rehabilitation Bureau of the Ministry of Justice Director-General of the Immigration Bureau of the Ministry of Justice |
2009 | Director-General of the Criminal Affairs Bureau of the Ministry of Justice |
2011 | Vice-Minister of the Ministry of Justice |
2014 | Superintending Prosecutor of the Sapporo High Public Prosecutors Office |
2015 | Superintending Prosecutor of the Tokyo High Public Prosecutors Office |
2016 | Prosecutor General |
2018 | Retired as Prosecutor General Attorney at law (to date) |
2019 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Outside Director

Toshio Iwamoto
He held positions such as the President of NTT DATA Corporation, etc. and currently is the Advisor of NTT DATA Corporation. The Company has drawn on his significant accumulated experience in management of global companies and experience and extensive knowledge about IT nurtured throughout his career. He has been a director for two years.
1976 | Joined Nippon Telegraph and Telephone Public Corporation |
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2004 | Director of NTT DATA Corporation |
2005 | Senior Managing Director of NTT DATA Corporation |
2007 | Executive Managing Director of NTT DATA Corporation |
2009 | Deputy President of NTT DATA Corporation |
2012 | President of NTT DATA Corporation |
2018 | Consultant of NTT DATA Corporation (to date) |
2020 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Outside Director

Yumiko Murakami
She worked for the United Nations, Goldman Sachs Japan Co., Ltd. and Credit Suisse Securities (Japan) Limited, and served as Head of Organisation for Economic Co-operation and Development (OECD) Tokyo Centre. The Company has drawn on her significant international experience as well as experience on corporate management and understanding of the securities business accumulated throughout her career. She has been a director for one year.
1989 | United Nations Development Programme (Barbados) |
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1991 | United Nations Secretariat (New York) |
1991 | United Nations Transitional Authority in Cambodia (Phnom Penh) |
1994 | Vice President of Goldman Sachs International (London) |
1997 | Managing Director of Goldman Sachs and Co. (New York) |
2008 | Managing Director of Goldman Sachs Japan Co. Ltd. (Tokyo) |
2009 | Managing Director of Credit Suisse Securities (Japan) Limited (Tokyo) |
2013 | Head of Organization for Economic Cooperation and Development (OECD) Tokyo Centre |
2021 | Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date) |
Committee Members
Nominating Committee (7), Audit Committee (7) and Compensation Committee (6)
Nominating Committee | Chairman | Michiaki Ogasawara |
---|---|---|
Takashi Hibino | ||
Seiji Nakata | ||
Hirotaka Takeuchi | ||
Eriko Kawai | ||
Katsuyuki Nishikawa | ||
Toshio Iwamoto | ||
Audit Committee | Chairman | Ikuo Nishikawa |
Sachiko Hanaoka | ||
Hiromasa Kawashima | ||
Michiaki Ogasawara | ||
Eriko Kawai | ||
Katsuyuki Nishikawa | ||
Yumiko Murakami | ||
Compensation Committee | Chairman | Hirotaka Takeuchi |
Takashi Hibino | ||
Seiji Nakata | ||
Ikuo Nishikawa | ||
Toshio Iwamoto | ||
Yumiko Murakami |
Corporate Executive Officers (12)
Name | Concurrent post | |
---|---|---|
President and CEO/Representative Corporate Executive Officer | Seiji Nakata | Member of the Board, Daiwa Securities Group Inc. Representative Director/President, Member of the Board, Daiwa Securities Co. Ltd. |
Deputy President and COO/Representative Corporate Executive Officer | Toshihiro Matsui | Member of the Board, Daiwa Securities Group Inc. Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd. |
Deputy President | Keiko Tashiro | Member of the Board, Daiwa Securities Group Inc. Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd. |
Deputy President | Akihiko Ogino | Member of the Board, Daiwa Securities Group Inc. Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd. |
Deputy President | Shinsuke Niizuma | Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd. |
Deputy President, CIO and CDO | Tomoyuki Murase | Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd. |
Senior Executive Managing Director | Hiroko Sakurai | Representative Director/Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Senior Executive Managing Director and CFO | Eiji Sato | Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Senior Executive Managing Director and CHO | Kana Shirakawa | Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Executive Managing Director | Shiko Yanagisawa | Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Executive Managing Director and CRO | Tsutomu Kobayashi | Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Senior Managing Director | Takashi Hibino | Chairman of the Board, Member of the Board, Daiwa Securities Group Inc. Chairman of the Board, Member of the Board, Daiwa Securities Co. Ltd. |
Executive Officers (15)
Name | Concurrent post | |
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Deputy President | Masahisa Nakagawa | Adviser, Daiwa Institute of Research Ltd. |
Deputy President | Hironori Oka | Chairman, Daiwa Capital Markets America Holdings Inc. Chairman, Daiwa Capital Markets Hong Kong Limited Chairman, Daiwa Capital Markets Singapore Limited |
Senior Executive Managing Director | Tomonori Tsuji | Chairman of the Board, Daiwa Real Estate Asset Management Co. Ltd. Chairman of the Board, Daiwa Securities Realty Co. Ltd. |
Executive Managing Director | Hideki Araki | Representative Director/Deputy President, Daiwa Investment Management Inc. |
Executive Managing Director | Hidenobu Shirota | Director of the Board, Daiwa Capital Markets Europe Limited |
Executive Managing Director | Naoki Suzuki | Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd. |
Executive Managing Director | Takashi Yamada | Executive Managing Director, Daiwa Securities Co. Ltd. |
Executive Managing Director | Atsushi Itaya | Executive Managing Director, Daiwa Securities Co. Ltd. |
Senior Managing Director | Yuki Hayakawa | Representative Director/President, Member of the Board, Daiwa PI Partners Co. Ltd. |
Senior Managing Director | Kosuke Mizuno | Deputy Chairman, Daiwa Capital Markets Hong Kong Limited Deputy Chairman, Daiwa Capital Markets Singapore Limited |
Senior Managing Director | Keiji Machida | President and COO, Daiwa Capital Markets America Holdings Inc. |
Senior Managing Director | Toyo Abe | Senior Managing Director, Daiwa Securities Co. Ltd. |
Senior Managing Director | Takashi Yamaguchi | Senior Managing Director, Daiwa Securities Co. Ltd. |
Senior Managing Director | Junichi Yamaguchi | Senior Managing Director, Daiwa Securities Co. Ltd. |
Senior Managing Director | Hiroaki Kato | President and CEO, Daiwa Capital Markets Hong Kong Limited |