Appointment / Retirement of Executives [PDF:281KB]

About this update from Daiwa Securities Group Inc.

26th February 2026 *This document is not a full translation of a press release announced on February 26, 2026 by Daiwa Securities Group Inc. The original press release is in Japanese. Daiwa Securities Group Inc. Appointment / Retirement of Executives 【Daiwa Securities Group Inc.】 Directors (Members of the Board) New Appointment (as of 19th June 2026) New Name Present [New Appointment / Promotion] Member of the Board ※Deputy President, Corporate Executive Officer Head of Wealth Management Junichi Serizawa - ※Senior Executive Managing Director, Corporate Executive Officer Deputy Head of Wealth Management Daiwa Securities Co. Ltd. Deputy President, Member of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board [New Appointment / Promotion] Member of the Board ※Executive Managing Director, Corporate Executive Officer CFO Kotaro Yoshida - ※Executive Managing Director, Corporate Executive Officer CFO Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board Daiwa Securities Co. Ltd. Executive Managing Director [New Appointment / Promotion] Outside Director, Member of the Board Christina Ahmadjian - - Daiwa Securities Co. Ltd. Outside Director, Member of the Board Retirement (as of 19th June 2026) New Name Present - ※Deputy President, Corporate Executive Officer Head of Asset Management Head of Securities Asset Management Shinsuke Niizuma Member of the Board ※Deputy President, Corporate Executive Officer COO Head of Wealth Management Daiwa Asset Management Co. Ltd. Chairman of the Board Daiwa Securities Co. Ltd. Deputy President, Member of the Board - ※Adviser Keiko Tashiro Member of the Board ※Deputy President, Corporate Executive Officer Head of Asset Management Head of Securities Asset Management Head of Sustainability Head of Financial Education - Eriko Kawai Outside Director, Member of the Board Corporate Executive Officers / Executive Officers New Appointment / Promotion and Change of Responsibility (as of 1st April 2026) New Name Present [New Appointment / Promotion] Member of the Board Deputy President, Corporate Executive Officer COO Eiji Sato Member of the Board Senior Executive Managing Director, Corporate Executive Officer Head of Corporate Planning Deputy Head of Overseas Operations Daiwa Securities Co. Ltd. Deputy President, Member of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Member of the Board Deputy President, Corporate Executive Officer Head of Asset Management Head of Securities Asset Management Shinsuke Niizuma Member of the Board Deputy President, Corporate Executive Officer COO Head of Wealth Management Daiwa Asset Management Co. Ltd. Chairman of the Board Daiwa Securities Co. Ltd. Deputy President, Member of the Board [New Appointment / Promotion] Member of the Board Deputy President, Corporate Executive Officer Head of Compliance Hiroko Sakurai Member of the Board Senior Executive Managing Director, Corporate Executive Officer Head of Compliance Daiwa Securities Co. Ltd. Deputy President, Member of the Board Daiwa Securities Co. Ltd. Representative Senior Executive Managing Director, Member of the Board [New Appointment / Promotion] Deputy President, Corporate Executive Officer Head of Wealth Management Junichi Serizawa Senior Executive Managing Director, Corporate Executive Officer Deputy Head of Wealth Management Daiwa Securities Co. Ltd. Deputy President, Member of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board [New Appointment / Promotion] Senior Executive Managing Director, Corporate Executive Officer Head of Corporate Communication Deputy Head of Asset Management Katsuyasu Murata Senior Managing Director Head of Corporate Communication Deputy Head of Asset Management Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board [New Appointment / Promotion] Senior Executive Managing Director, Corporate Executive Officer Head of Corporate Planning Head of Legal Takemichi Kobayashi - Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board [New Appointment / Promotion] Executive Managing Director, Corporate Executive Officer Deputy Head of Corporate Planning Head of Human Resources CHO Head of Sustainability Head of Financial Education Hiromasa Kawashima Senior Managing Director Deputy Head of Corporate Planning Head of Human Resources CHO Head of Legal Deputy Head of Sustainability Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board Daiwa Securities Co. Ltd. Executive Managing Director [New Appointment / Promotion] Executive Managing Director, Corporate Executive Officer CIO CDO Masahiro Murase - Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board Daiwa Institute of Research Ltd. Executive Managing Director, Member of the Board [New Appointment / Promotion] Executive Managing Director, Corporate Executive Officer CRO Takashi Yamaguchi Senior Managing Director Head of Group Risk Management Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board Daiwa Securities Co. Ltd. Senior Managing Director New Name Present [New Appointment / Promotion] Senior Managing Director Head of Real Estate Asset Management Hiroki Ikeda - Daiwa Real Estate Asset Management Co. Ltd. Chairman of the Board Daiwa Securities Realty Co. Ltd. Chairman of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Senior Managing Director Head of Alternative Asset Management Tsutomu Kobayashi Senior Executive Managing Director, Corporate Executive Officer CRO Daiwa Investment Management Inc., President, Member 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. Chairman of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Senior Managing Director Head of Overseas Operations Naoki Suzuki Senior Managing Director Head of Overseas Operations Head of Europe & Middle East Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Daiwa International Holdings Inc. President, Member of the Board Daiwa Securities Co. Ltd. Senior Executive Managing Director, Member of the Board Daiwa Capital Markets America Holdings Inc. Chairman Daiwa Capital Markets Europe Limited Member of the Board Senior Managing Director Head of Americas Keiji Machida Senior Managing Director Head of Americas Daiwa Securities Co. Ltd. Executive Managing Director Daiwa Capital Markets America Holdings Inc. Chairman Daiwa Securities Co. Ltd. Executive Managing Director Daiwa Capital Markets America Holdings Inc. President & CEO Senior Managing Director Head of Asia & Oceania Tsutomu Hiramatsu Senior Managing Director Deputy Head of Asia & Oceania Daiwa Securities Co. Ltd. Senior Managing Director Daiwa Capital Markets Singapore Limited Chairman Daiwa Capital Markets Hong Kong Limited Chairman Daiwa Securities Co. Ltd. Senior Managing Director Daiwa Capital Markets Singapore Limited President & CEO [New Appointment / Promotion] Senior Managing Director Head of Europe & Middle East Satoru Yamamoto - Daiwa Securities Co. Ltd. Senior Managing Director Daiwa Securities Co. Ltd. Senior Managing Director [New Appointment / Promotion] Senior Managing Director Head of IT & Operations Junya Sato Appointive Managing Director to Head of IT & Operations Daiwa Securities Co. Ltd. Senior Managing Director Daiwa Securities Co. Ltd. Appointive Managing Director to Head of IT & Operations [New Appointment / Promotion] Senior Managing Director Deputy Head of Asia & Oceania Hongxia Zhu - Daiwa Securities Co. Ltd. Senior Managing Director Daiwa Capital Markets Hong Kong Limited President & CEO Daiwa Capital Markets Hong Kong Limited President & CEO Retirement (as of 31st March 2026) New Name Present Member of the Board ※Adviser * to be appointed (as of 1st April 2026) Keiko Tashiro Member of the Board Deputy President, Corporate Executive Officer Head of Asset Management Head of Securities Asset Management Head of Sustainability Head of Financial Education - Tomoyuki Murase Deputy President, Corporate Executive Officer CIO CDO Daiwa Securities Co. Ltd. Adviser * to be appointed Daiwa Securities Co. Ltd. Deputy President, Member of the Board - Toshihiro Matsui Senior Managing Director Daiwa Securities Co. Ltd. Adviser * to be appointed Daiwa Securities Co. Ltd. Deputy Chairman of the Board - Masahiro Kobayashi Senior Managing Director Head of Alternative Asset Management Daiwa Investment Management Inc., Adviser * to be appointed Daiwa Investment Management Inc., President, Member 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. Chairman of the Board - Hironori Oka Senior Managing Director Executive Head of Overseas Operations Daiwa Securities Co. Ltd. Adviser * to be appointed Daiwa Securities Co. Ltd. Deputy President, Senior Managing Director Daiwa International Holdings Inc. President, Member of the Board - Tomonori Tsuji Senior Managing Director Head of Real Estate Asset Management - Daiwa Real Estate Asset Management Co. Ltd. Chairman of the Board Daiwa Securities Realty Co. Ltd. Chairman of the Board - Atsushi Itaya Senior Managing Director Head of IT & Operations Daiwa Institute of Research Ltd. Senior Executive Managing Director, Member of the Board * to be appointed Daiwa Securities Co. Ltd. Executive Managing Director, Member of the Board - Kosuke Mizuno Senior Managing Director Head of Asia & Oceania Daiwa Fund Consulting Co. Ltd. President, Member of the Board * to be appointed Daiwa Securities Co. Ltd. Executive Managing Director Daiwa Capital Markets Singapore Limited Chairman Daiwa Capital Markets Hong Kong Limited Chairman - Yuji Masuki Senior Managing Director Deputy Head of Compliance Retela Crea Securities Co. Ltd. President, Member of the Board * to be appointed Daiwa Securities Co. Ltd. Senior Managing Director 【Daiwa Securities Co. Ltd.】 Directors (Members of the Board) / Executive Officers New Appointment / Promotion and Change of Responsibility (as of 1st April 2026) New Name Present [New Appointment / Promotion] Deputy President, Member of the Board Eiji Sato Senior Executive Managing Director, Member of the Board Head of Corporate Planning Deputy Head of Overseas Operations Executive Head of Financial Institutions Daiwa Securities Group Inc. Member of the Board Deputy President, Corporate Executive Officer Daiwa Securities Group Inc. Member of the Board Senior Executive Managing Director, Corporate Executive Officer [New Appointment / Promotion] Deputy President, Member of the Board Head of Wealth Management Division Junichi Serizawa Senior Executive Managing Director, Member of the Board Head of Wealth Management Division Daiwa Securities Group Inc. Deputy President, Corporate Executive Officer Daiwa Securities Group Inc. Senior Executive Managing Director, Corporate Executive Officer [New Appointment / Promotion] Deputy President, Member of the Board Head of Compliance Hiroko Sakurai Representative Senior Executive Managing Director, Member of the Board Head of Compliance Daiwa Securities Group Inc. Member of the Board Deputy President, Corporate Executive Officer Daiwa Securities Group Inc. Member of the Board Senior Executive Managing Director, Corporate Executive Officer [New Appointment / Promotion] Deputy President, Member of the Board Head of Global Investment Banking Division Executive Head of Corporate Business Toru Yamamoto Senior Executive Managing Director, Member of the Board Head of Global Investment Banking Division Daiwa Securities Group Inc. Senior Managing Director Daiwa Securities Group Inc. Senior Managing Director [New Appointment / Promotion] Senior Executive Managing Director, Member of the Board Head of Regional Corporate Clients Banking Masahiro Fujisawa Executive Managing Director, Member of the Board Head of Regional Corporate Clients Banking [New Appointment / Promotion] Senior Executive Managing Director, Member of the Board Head of Executive Office Head of Corporate Communication Head of General Affairs Katsuyasu Murata Executive Managing Director, Member of the Board Head of Executive Office Head of Corporate Communication Head of General Affairs Daiwa Securities Group Inc. Senior Executive Managing Director, Corporate Executive Officer Daiwa Securities Group Inc. Senior Managing Director

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