June 24, 2015

SMBC Trust Bank Ltd.

Notice of personnel changes at SMBC Trust Bank and executive
appointments and organization after the acquisition of Citibank Japan’s retailbanking operations

At a Board of Directors meeting held on Wednesday June 24, 2015, SMBC Trust Bank Ltd.
(SMBC Trust Bank) selected Hidetoshi Furukawa as the new President and CEO withimmediate effect, with the current President and CEO Masahiro Nakagawa appointed as
Representative Director & Deputy Chief Executive. Mr. Furukawa was previously an advisor
to SMBC Trust Bank.
SMBC Trust Bank also reached an informal decision on the appointment of Naoki Inoue as
Representative Director & Deputy Chief Executive as of November 1, 2015. Mr. Inoue iscurrently a Representative Director of Citibank Japan Ltd. (Citibank Japan), and this informal
decision was made ahead of the acquisition of the retail banking business of Citibank Japan,
subject to regulatory approvals, that is scheduled to close on November 1, 2015. SMBC Trust
Bank also made other informal decisions on the executive team and organization as shownbelow.
On the scheduled closing date of November 1, 2015, SMBC Trust Bank will transition to asystem of three executive officers in order to strengthen its management operations, with thegoal of becoming the central trust bank in the SMFG Group.
The appointment of Naoki Inoue as Representative Director & Deputy Chief Executive andthe executive team and organization, scheduled to come into force on November 1, 2015, will
be formally decided at the General Meeting of the Shareholders’ and Board of Directors
meeting to be held on November 1, 2015.

1.

Changes in Executive Officers

New position

Current position

Name

Date of change

President & CEOAdvisor

HidetoshiFURUKAWA

June 24, 2015

Representative
Director & Deputy
Chief Executive

President & CEO

Masahiro
NAKAGAWA

June 24, 2015

Representative
Director & Deputy
Chief Executive

Representative
Director, Chief
Strategy & Planning
Officer of Citibank
Japan Ltd.

Naoki INOUE

November 1, 2015
(scheduled)

2.

Executive Officers (as of November 1, 2015)(*No change)
New position

Name

Current position

President & CEO

Hidetoshi FURUKAWA

President & CEO

Representative Director &Deputy Chief Executive

Masahiro Nakagawa

Representative Director &Deputy Chief Executive(With overall responsibility ofPrivate Banking Unit,
Products Unit, Trust Unit,and Corporate BusinessUnit)
Representative Director &Deputy Chief Executive(With overall responsibility ofthe Credit Unit and Business
Integration Dept.)

Naoki INOUE

Representative Director,
Chief Strategy & Planning
Officer of Citibank Japan Ltd.

Koji SAITO

Deputy Chief Executive(Responsible for PRESTIA
Business Unit)
Deputy Chief Executive(With overall responsibility ofOperation and System Unit,
Risk Management Unit, andCompliance Unit) *Managing Director(With overall responsibility ofOperation and System Unit,
Risk Management Unit, andCompliance Unit)
Naoya ISHIDA(Responsible for Corporate
Business Unit)

Director(With overall responsibility ofCorporate Business Unit andTrust Unit)
Katsusuke KUWAHARA(Responsible for CorporateStaff Unit)
Director, Head of Head
Office Banking Dept. andHead of Private Banking
Dept.

Managing Director

Director(With overall responsibility ofCorporate Staff Unit)

Kazuhiro TSUCHIYA(Responsible for Private
Banking Unit, Products Unit)

Director, Head of Head
Office Banking Dept. andHead of Private Banking
Dept.
(With overall responsibility ofPrivate Banking Unit,Products & Markets Unit)

Director, Head of Trust Unit
(Responsible for Trust Unit) *Shigetoshi HIRATA

Director, Head of Trust Unit
(Responsible for Trust Unit)

Director

Shiro TANI

Director(Responsible for, Operationand Systems Unit)*
Director (Responsible forCorporate Staff Unit) *(Responsible for, Operationand Systems Unit)
Seiichiro ENDO

Director(Responsible for CorporateStaff Unit)Director

Minoru KONDO(Responsible for PRESTIA
Business Unit [HR] andCorporate Staff Unit [HR])3.

Executive Officer,
Head of Human Resources
Division of Citibank Japan
Ltd.

Organization (as of November 1, 2015)(PRESTIA Business Division newly established)

Shareholder'sMeeting
Board ofDirectors
Board of StatutoryAuditors

Audit Unit
ExectiveCommittee

Corporate Staff Unit
Private Banking Unit
Products Unit
Trust Unit
Corporate Business Unit
PRESTIA Business Unit

PRESTIA Management Division
PRESTIA Banking Division
PRESTIA Product DivisionMarketing Division
Operations Division
Technology Division

Operations & System Unit
Risk Management Unit
Compliance Unit