Group Management System

As of June 21, 2024

Directors (Members of the Board)

Chairman of the Board

Seiji Nakata

Chairman of the Board
Chairman, Member of the Board,
Daiwa Securities Co. Ltd.

1983 Joined Daiwa Securities Co. Ltd.

He served successively as the Deputy Head of Corporate 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 served as the Representative Corporate Executive Officer, President and CEO of the Company from 2017 to 2024 and has broad experience and insights as a manager.

Director

Akihiko Ogino

President and CEO
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 Corporate Planning, Deputy Head of Overseas and Head of Corporate Planning of the Company. He serves as the Representative Corporate Executive Officer, President and CEO of the Company from 2024. 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

Shinsuke Niizuma

Deputy President
COO and Head of Wealth Management
Deputy President, Member of the Board,
Daiwa Securities Co. Ltd.

1988 Joined Daiwa Securities Co. Ltd.

He served successively as the Head of Chiba Branch and Nagoya Branch of Daiwa Securities Co. Ltd. He became the Senior Managing Director of Daiwa Securities Co. Ltd. in 2015, and since then he has served successively as the Head of Retail Marketing Strategy, the Head of Sales, the Executive Head of Sales, and the Head of the Product Solution Division of Daiwa Securities Co. Ltd. He currently serves as the Representative Corporate Executive Officer, Deputy President and COO, and Head of Wealth Management of the Company. He has broad knowledge and experience in Wealth Management.

Director

Keiko Tashiro

Deputy President
Head of Sustainability, Financial Education,
Securities Asset Management and Think Tank

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, Head of Sustainability, Financial Education, Securities Asset Management and Think Tank of the Company. She has broad knowledge and experience in the Overseas and Corporate Planning.

Director

Eiji Sato

Senior Executive Managing Director
Head of Corporate Planning
Senior Executive Managing Director,
Member of the Board, Daiwa Securities Co. Ltd.

1991 Joined Daiwa Securities Co. Ltd.

He served as the Head of the Finance Dept. and the Head of the Corporate Planning Dept. of the Company. He became a Senior Managing Director of the Company in 2017, and since then he has served successively as CFO, the Deputy Head of Corporate Planning, and the Deputy Head of Overseas Operations of the Company and currently serves as the Senior Executive Managing Director and the Head of Corporate Planning of the Company. He has solid record and experience in Planning and Finance 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.

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 six years.

1981 Entered Nomura Research Institute, Ltd.
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
2018 Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date)
2021 Emeritus Professor of Kyoto University (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 five years.

1979 Prosecutor of Osaka District Public Prosecutors Office
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 four years.

1976 Joined Nippon Telegraph and Telephone Public Corporation
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 three years.

1989 United Nations Development Programme (Barbados)
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)

Outside Director

Noriko Iki

She has held positions such as the Director-General of Equal Employment, Children and Families Bureau, Ministry of Health, Labour and Welfare, the Director-General of Tokyo Labor Bureau, Ministry of Health, Labour and Welfare, and Ambassador Extraordinary and Plenipotentiary to Brunei.
The Company has drawn on her expert knowledge and experience related labor administration and diversity and significant global experience cultivated through that experience. She has been a director for one years.

1979 Entered Ministry of Labour
2009 Director-General of Equal Employment, Children and Families Bureau, Ministry of Health, Labour and Welfare
2010 Research Director of Japan Institute for Labour Policy and Training
2012 Director-General of Tokyo Labour Bureau, Ministry of Health, Labour and Welfare
2014 Ambassador Extraordinary and Plenipotentiary to Brunei
2018 President of Japan Institute for Women's Empowerment & Diversity Management
2023 Special Adviser of Japan Institute for Women's Empowerment & Diversity Management (to date)

Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date)

Outside Director

Mami Yunoki

She has been involved in auditing many listed companies as a certified public accountant for many years at PricewaterhouseCoopers Aarata (currently known as PricewaterhouseCoopers Japan LLC). The Company expects that, based on her expert knowledge and experience related to financial accounting, she will be able to advise on the management of the Company and supervise the execution of duties by Corporate Executive Officers,and at the Company's 2024 General Meeting of Shareholders she was newly appointed as an outside director.

1985 Joined Aoyama Audit Corporation
2006 Joined PricewaterhouseCoopers Aarata (currently known as PricewaterhouseCoopers Japan LLC)
2008 Partner of the above corporation
2016 Member of the firm management committee and executive officer in charge of the manufacturing, distribution, and services divisions of the above corporation Member of the Examination Board for Strengthening of Financial Function, Financial Services Agency (to date)
2020 Part-time lecturer at Graduate School of Hitotsubashi University (to date)
2023 Representative of Mami Yunoki Certified Public Accountant Office (to date)
2024 Outside Audit & Supervisory Board Member of Chugai Pharmaceutical Co., Ltd. (to date)

Outside Director (Member of the Board), Daiwa Securities Group Inc. (to date)

Committee Members

Nominating Committee (6), Audit Committee (5) and Compensation Committee (6)

Nominating Committee Chairman Toshio Iwamoto
  Seiji Nakata
  Akihiko Ogino
  Eriko Kawai
  Katsuyuki Nishikawa
  Noriko Iki
Audit Committee Chairman Katsuyuki Nishikawa
  Sachiko Hanaoka
  Yumiko Murakami
  Noriko Iki
  Mami Yunoki
Compensation Committee Chairman Eriko Kawai
  Seiji Nakata
  Akihiko Ogino
  Toshio Iwamoto
  Yumiko Murakami
  Mami Yunoki

Corporate Executive Officers (12)

  Name Concurrent post
President and CEO/Representative Corporate Executive Officer Akihiko Ogino 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 Shinsuke Niizuma 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.
Deputy President, CIO and CDO Tomoyuki Murase Representative Director/Deputy President, Member of the Board, Daiwa Securities Co. Ltd.
Senior Executive Managing Director Eiji Sato Member of the Board, Daiwa Securities Group Inc.
Senior Executive Managing Director, 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 Junichi Serizawa 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 and CRO Tsutomu Kobayashi Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd.
Executive Managing Director and CFO Kotaro Yoshida Executive Managing Director, Daiwa Securities Co. Ltd.
Senior Managing Director Keiichi Ishikawa Senior Managing Director, Daiwa Securities Co. Ltd.
Senior Managing Director Seiji Nakata 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 (17)

  Name Concurrent post
Senior Managing Director Toshihiro Matsui Vice Chairman, Member of the Board, Daiwa Securities Co. Ltd.
Senior Managing Director Masahiro Kobayashi President, Member of the Board, Daiwa Investment Management Inc.
Chairman of the Board, Daiwa Corporate Investment Co., Ltd.
Chairman of the Board, Daiwa PI Partners Co. Ltd.
Chairman of the Board, Daiwa Energy & Infrastructure Co. Ltd.
Senior Managing Director Hironori Oka Deputy President, Daiwa Securities Co. Ltd.
President, Member of the Board, Daiwa International Holdings Inc.
Chairman, Daiwa Capital Markets Hong Kong Limited
Chairman, Daiwa Capital Markets America Holdings Inc.
Chairman, Daiwa Capital Markets Singapore Limited
Senior Managing Director Tomoo Fujioka Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd.
Senior Managing Director Tomonori Tsuji Chairman of the Board, Daiwa Real Estate Asset Management Co. Ltd.
Chairman of the Board, Daiwa Securities Realty Co. Ltd.
Senior Managing Director Toru Yamamoto Senior Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd.
Senior Managing Director Hidenobu Shirota Executive Managing Director, Daiwa Securities Co. Ltd.
Member of the Board, Daiwa Capital Markets Europe Limited
Senior Managing Director Naoki Suzuki Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd.
Senior Managing Director Atsushi Itaya Executive Managing Director, Member of the Board, Daiwa Securities Co. Ltd.
Senior Managing Director Hiromasa Kawashima Executive Managing Director, Daiwa Securities Co. Ltd.
Senior Managing Director Yuki Hayakawa Member of the Board, Daiwa Investment Management Inc.,
President, Member of the Board, Daiwa PI Partners Co. Ltd.
Senior Managing Director Kosuke Mizuno Senior Managing Director, Daiwa Securities Co. Ltd.
Deputy Chairman, Daiwa Capital Markets Hong Kong Limited
Deputy Chairman, Daiwa Capital Markets Singapore Limited
Senior Managing Director Keiji Machida Senior Managing Director, Daiwa Securities Co. Ltd.
President and CEO, Daiwa Capital Markets America Holdings Inc.
Senior Managing Director Takashi Yamaguchi Senior Managing Director, Daiwa Securities Co. Ltd.
Senior Managing Director Hiroaki Kato Senior Managing Director, Daiwa Securities Co. Ltd.
President and CEO, Daiwa Capital Markets Hong Kong Limited
Senior Managing Director Kazunori Fujii Senior Managing Director, Daiwa Securities Co. Ltd.
Senior Managing Director Yuji Masuki Senior Managing Director, Daiwa Securities Co. Ltd.