【NEWS RELEASE】
March 17, 2022
SMBC Nikko Securities Inc.

Organizational and Personnel Changes

SMBC Nikko Securities Inc. announces organizational and personnel changes as follows.
1. Organizational Changes （Effective as of March 17, 2022）(1) Digital Innovation Division
 IT Innovation Section is reorganized as Digital Strategy Dept..
(2) Global Business Planning Division
 International Division is renamed Global Business Planning Division.
 International Business Planning Dept. and International Business Supervisory Dept.
are reorganized as Global Business Planning Dept..
(3) Sales Planning Division
 Solution Business Planning Dept. is renamed Solution Business Advisory Dept..
 Equity Advisory Dept. is reorganized as Portfolio Advisory Dept. and transferred fromDirect Marketing Division to Sales Planning Division.
 Direct Marketing Dept. is renamed Digital Marketing Dept..
(4) Alliance Business Division Alliance Business Division is established.
 Alliance Business Planning Dept. is transferred from Direct Marketing Division toAlliance Business Division.
(5) Direct Marketing Division Direct Marketing Dept. is renamed Digital Marketing Dept..

This material is an English translation of Japanese announcement made on March 17, 2022. Although the company intended to faithfullytranslate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed and thus you areencouraged to refer to the original Japanese document.

(6) Private Wealth Division Nagoya Private Banking Dept. is under joint management with Tokai/Shutoken WestDistrict Division.
 Osaka Private Banking Dept. is under joint management with Kinki District Division.
(7) Product Marketing Asset Management & Insurance Products Dept. is renamed Asset Management
Products Dept..
(8) IPO Underwriting & Consulting Division
 Investment Banking IPO III Dept. is established.
(9) Investment Banking & Solution Division
 Investment Banking & Solution Division is established.
 Investment Banking Strategies Dept. is transferred from Global Investment Banking
Unit to Investment Banking & Solution Division.
 Financial Solution Dept. is transferred from Global Capital Markets Division toInvestment Banking & Solution Division.
2. Changes in Executive Officers （Effective as of March 17, 2022）(1) Retirement of Executive Officers
Hitoshi Minami

Advisor

Satoshi Osawa

AdvisorToshihiro Niidome

AdvisorShunshi Kira

AdvisorPresident & CEO, Nikko Research Center, Inc.（Effective asof April 1, 2022）

Kazuya Noguchi

AdvisorPresident & CEO, Nikko Business Systems Co., Ltd.
（Effective as of April 1, 2022）

Nobu Sakamoto

AdvisorShunichiro Joya

AdvisorPresident & CEO, Nikko Enterprise Co., Ltd.（Effective as ofApril 1, 2022）2

Kazuyoshi Fukushima

AdvisorExecutive Managing Director, Nikko Enterprise Co., Ltd.
（Effective as of April 1, 2022）(2) Changes in Executive Officers
Toshihiro Sato

Deputy President Executive Officer, Head of Global Markets
Unit

Hideki Sakamoto

Deputy President Executive Officer, Head of Global
Investment Banking Unit

Toshihiko Umetani

Deputy President Executive Officer for Special Missions(North America) and Senior Advisor of Global InvestmentBanking Unit

Kazuhiro Notsu

Representative Director and Senior Managing Executive
Officer for Special Missions (Improvement of internal controlenvironment Project Team) and Senior Advisor of PlanningUnit

Masashi Sakamoto

Senior Managing Executive Officer, Senior Deputy Head ofSales Unit and Head of Private Wealth

Tatsuya Suzuki

Senior Managing Executive Officer, Senior Deputy Head ofGlobal Investment Banking Unit, Head of Global CapitalMarkets and Head of Investment Banking & Solution

Takahiro Yazawa

Senior Managing Executive Officer, Head of Global
Business Planning Unit, Head of Global Business Planning
and General Manager, Global Business PlanningShuji Yoshioka

Managing Executive Officer, Sumitomo Mitsui Banking
Corporation and Senior Deputy Head of Global Business
Planning

Shinsuke Ushijima

Managing Executive Officer, Head of Planning Unit and Headof FinanceSeiichi Inaba

Managing Executive Officer, Head of Human Resources
Unit and Head of Human Resources

Hiroshi Inoue

Managing Executive Officer, Deputy Head of Global
Investment Banking Unit

Tatsuya Shiine

Managing Executive Officer, Head of Financial & Public
Institutions Unit and Head of Financial & Public Institutions

Makoto Nishioka

Managing Executive Officer, Head of Product Marketing Unit
and Head of Product Marketing3

Bungo Miura

Managing Executive Officer, Senior Deputy Head of Global
Business Planning (based in New York), Chairman andPresident, SMBC Nikko Securities America Inc., and Deputy
Head of Special Missions (North America)

Kayo Nakamura

Managing Executive Officer, Head of Public Institutions

Teruya Sugino

Executive Officer, Co-Head of Risk Management

Keiji Wada

Executive Officer, Head of Corporate Business andExecutive Officer for Special Missions（Wealth Advisory）

Hironori Hattori

Executive Officer, Senior Deputy Head of Global Business
Planning

Daiji Nakata

Executive Officer, Head of Sales Planning and Head ofAlliance BusinessNarutoshi Terauchi

Executive Officer, Head of Corporate Finance（IndustrialsGroup）

Koji Matsumoto

Executive Officer, Senior Deputy Head of Business Strategy& Development , Senior Deputy Head of Global Business
Planning, Deputy Head of Special Missions（North America）

Fumio Takamatsu

Executive Officer, Senior Deputy Head of Global CapitalMarkets and Senior Deputy Head of Investment Banking &Solution

Tomoharu Sato

Executive Officer, Co-Head of IPO Underwriting &Consulting

Shinsuke Yoshioka

Executive Officer, Head of System, Head of Digital
Innovation and General Manager, System Planning &Operation

Hiromi Sato

Executive Officer, Deputy Head of Global Business Planning（ based in Hong Kong ） and President, SMBC Nikko
Securities （Hong Kong） LimitedYuji Anashige

Executive Officer, Head of Shutoken District and General
Manager, Mito Branch

Hajime Kawakami

Executive Officer, Head of Kyushu/Shutoken East District
and General Manager, Saga Branch

Akira Yamamoto

Executive Officer, Co-Head of Risk Management

Junko Ikarashi

Executive Officer, Sumitomo Mitsui Banking Corporation

Kimitoshi Utsunomiya

Executive Officer, Head of Kinki District

Hitoshi Tsuboi

Executive Officer, Head of Corporate Finance（ FinancialSponsor Group ） and Co-Head of IPO Underwriting &4

Consulting
Kazunori Hata

Executive Officer, Sumitomo Mitsui Banking Corporation

Toshihiro Horiuchi

Executive Officer, Head of Corporate Planning & CustomerOriented Business Planning and Chief Sustainability Officer
and Senior Deputy Head of Digital Innovation

Shoichiro Shimura

Executive Officer, Head of Tokai/Shutoken West District

3. Personnel Changes （Effective as of March 17, 2022）
Hideto Nagamatsu

Regional Financial Institutions and Corporate Clients

Shinya Yamamoto

Senior General Manager, Deputy Head of Internal Audit

Hirotaka Yuasa

Senior General Manager, Compliance

Yoshinori SudoSenior General Manager, Human Resources

Toshihiko Oshio

Chief Executive Officer & President, SMBC Nikko Securities(Singapore) Pte. Ltd.
Senior General Manager (SMBC Nikko Securities Inc.)

Masahito Nonaka

Deputy President Executive Officer, SMBC Nikko Securities
America, Inc.
Senior General Manager (SMBC Nikko Securities Inc.)

Yukio Ishii

President, SMBC Nikko Capital Markets Limited(Based inLondon)
Senior General Manager (SMBC Nikko Securities Inc.)

Naoki Okubo

CEO, SMBC Nikko Capital Markets Europe GmbH
Senior General Manager (SMBC Nikko Securities Inc.)

Yuichiro Kibe

Senior General Manager, Deputy Head of Private Wealth

Takuya Shinahara

Senior General Manager, Global Markets Technology

Naoki Shindo

Senior General Manager, Deputy Head of Financial Markets
and Deputy Head of Research （ Financial Market &Economic Research） and General Manager, Derivatives
MarketMasaaki Hirowatari

Senior General Manager, Deputy Head of Corporate
BusinessYusuke Suzuki

General Manager, Aomori Branch

5Hiroki Tanimoto

General Manager, Asahikawa BranchToshiko Osumi

General Manager, Kichijoji Branch

Kazuhiko Nozaki

General Sales Manager, Sapporo Branch

Kiichi Omuro

General Manager, Shinjuku Branch

Keisuke Koda

General Manager, Shinyurigaoka Branch

Izuru Nakamura

General Manager, Sendai Branch

Minoru Kakogawa

General Sales Manager, Sendai BranchToshiyuki Yamamura

General Manager, Tamagawa Branch

Masaki Kobayashi

General Manager, Nagano Branch

Takehiro Sekiyama

General Manager, Morioka Branch

Yasutaka Ueda

General Manager, Ueno Branch

Satoshi Sugiyama

General Manager, Urawa Branch

Saori Kobayashi

General Manager, Kashiwa Branch

Tatsuya Tanaka

General Manager, Gotanda Branch

Yasushi Ise

General Sales Manager, Chiba Branch

Yoshiyuki Suzuki

General Manager, Tsudanuma Branch

Kazumi Ishida

Deputy General Manager, Nihonbashi Branch

Masako Kajima

General Manager, Matsudo Branch

Toyo Mizuno

General Manager, Financial Institutions Tokyo

Shoichiro Utsuda

General Manager, Aobadai Branch

Chie Koga

General Manager, Kamakura Branch

Junko Oono

General Manager, Kamata Branch

Hiroyuki Okuno

Deputy General Manager, Nagoya BranchToshiharu Suzuki

General Manager, Fujisawa Branch

Kenji Morisaki

General Manager, Institutional Business Yokohama

Kohei Saito

General Manager, Yokkaichi BranchTakeshi Inoue

General Manager, Abeno Harukas Branch
6

Kazuyuki Takeuchi

General Manager, Osaka Branch

Susumu Yashirodai

General Manager, Institutional Business Kyoto

Keiji Ibuki

General Manager, Nara BranchRyosuke Tobita

General Manager, Namba Branch

Yoshifumi Higashimura

General Manager, Hirakata BranchToki Katagiri

General Manager, Wakayama Branch

Naoko Yoshimura

General Manager, Itami Branch

Tsuruo Fujita

General Sales Manager, Okayama Branch

Yuji Hamada

General Manager, Kanazawa Branch

Takayuki Okuma

General Sales Manager, Kobe Branch

Seiji Sasaki

General Manager, Institutional Business Kobe

Takashi Ichiyama

General Manager, Takaoka Branch

Masato Fujikawa

General Manager, Tokushima Branch

Arihiro Den

General Manager, Institutional Business Toyama

Masakazu Yasuda

General Manager, Institutional Business Hiroshima

Hanayo Mitomo

General Manager, Oizumi Branch

Motoki Yoshikawa

General Manager, Kagoshima Branch

Makoto Kubota

General Manager, Kawagoe Branch

Kazuhiro Ueda

General Manager, Jiyugaoka Branch

Shohei Yanagi

Deputy General Manager, Main Branch

Hiroshi Kita

General Manager, Internal Audit

Taiga Ozawa

General Manager, Risk Management

Kazuki Nishi

Deputy Head of Business Process

Tomomi Nishi

General Manager, Business Process Planning

Hisashi Kanai

General Manager, Business Process Planning

Kazuhiro Kamiya

General Manager, Settlement

Tetsuya Nakamura

General Manager, Digital Strategy7Satoru Takeda

Deputy Head of Financial

Kazuhiro Ojima

General Manager, TreasuryMinoru Funabashi

General Manager, Corporate Planning

Schaefer Taira David

Deputy Head of Global Business Planning and Deputy Headof Corporate Planning & Customer-Oriented BusinessPlanningNobuhiro Moroo

General Manager, Global Business Planning

Kensuke Matsumoto

General Manager, Sales Administration

Yasuhiro Sakurai

General Manager, Alliance Business Planning

Takahisa Suzuki

General Manager, Digital Marketing

Hitoshi Matsugano

General Manager, Solution Business Advisory

Shinichi Kagawa

General Manager, Portfolio Advisory

Shuji Ueno

Deputy Head of Regional Financial Institutions andCorporate Clients

Masakazu Hashimoto

General Manager, Regional Financial Institutions andCorporate Business Promotion

Yasushi Okada

General Manager, Private Wealth Strategy

Tomonobu Sasaki

General Manager, Asset Management Products

Masayoshi Mitani

General Manager, Equity Marketing

Hiroki Nakatsuka

General Manager, Corporate Investment Support andPromotion

Norikazu Kitta

General Manager, Investment Research and Investor
Services

Kazuhiro Matsushita

General Manager, Global Markets Administration

Kazuhiko Sawanobori

Senior Deputy Head of Equity and Senior Deputy Head of
Research (Equity Research) and General Manager, Equity
sales - Institutional Investors

Daisuke Tamai

General Manager, Execution Services

Seiko Suzuki

General Manager, Corporate Access

Hideki UkaiDeputy Head of Financial Markets

Hirokazu Yaginuma

General Manager, Fixed Income8Hiroyuki Sumi

General Manager, Credit Products

Osamu Kawabe

General Manager, Fixed Income Sales

Yoshihiro Warita

Senior Deputy Head of Global Capital Markets and CoGeneral Manager, Equity Capital Markets

Kenji Kuya

Deputy Head of Global Capital Markets and Deputy Head ofInvestment Banking & Solution

Takashi Kokabu

Co-General Manager, Equity Capital Markets

Yoshihiko Osaka

General Manager, Sustainable FinanceTetsuo Kamimura

General Manager, Corporate Clients Nagoya

Hidetomo Katsuki

Senior Deputy Head of Corporate Finance Osaka

Naoya Yoshioka

General Manager, Corporate Clients Osaka II

Daisuke Ueda

General Manager, Investment Banking IPO III

Koshi Ichikawa

General Manager, Mergers and Acquisitions AdvisoryOsaka

4.

Ryuji Nishikawa

General Manager, Wholesale Business Planning

Koichi Fukuta

Head of Corporate Coverage, Corporate Finance Group I

Naohito Kuroda

Head of Financial Sponsor Group

Apppointment of Agent （Effective as of March 17, 2022）
Kazuhiko Sawanobori(acting as agent)Head of Equity and Co - Head of Research(Equity Research)

5. Personnel Change （Effective as of Scheduled for June, 2022）
Toshiaki Matsui

General Manager, Global Business Planning

6. Changes in Directors （Effective as of June 21, 2022）(1) Retirement of Directors
Hitoshi UedaAdviser9Seiichiro Ito(2) Apppointment of Directors
Koichiro Tsujino

Director(Outside)(3) Apppointment of Directors(Member of the Audit and Supervisory Committee)
Satoshi Osawa

Director(Member of the Audit and Supervisory Committee)

Takaichi Muranaka

Director(Member of the Audit and Supervisory Committee)###10