Notification of new organization and corporate philosophy

Transcription

1 Press Release January 31 st, 2019 Sumitomo Mitsui Asset Company Limited Daiwa SB Ltd. Notification of new organization and corporate philosophy Since issuing a joint press release on September 28 th 2018 regarding the merger agreement between Sumitomo Mitsui Asset Company Limited ( SMAM hereafter) and Daiwa SB Ltd., we have been engaged in integration work towards the launch of Sumitomo Mitsui DS Asset Company Limited ( New Company hereafter) on April 1 st, 2019*. Today we hereby announce our organizational structure and corporate philosophy of New Company. *Note: The merger is subject to approval and acceptance of notification by authorities in Japan and countries where our overseas offices are located. 1. CEO and Representative Takashi Matsushita (current President & CEO of SMAM) 2. Team Please see Annex 1 for our management team. 3. Organization The design of the new organizational structure (illustrated in Annex 2) prioritizes enhancing our corporate governance, and efficiently delivering better customer experience. New Company will set up a Nominating Committee, a Remuneration Committee and a Responsible Investment Committee under the board of directors. The Responsible Investment Committee, whose primary role is to monitor stewardship activities and conflicts of interest, is expected to work closely with FD Advisory Board**, to enhance our corporate governance by incorporating insights from external directors. **Note: SMAM s FD Third-Party Committee will be re-organized to form FD Advisory Board upon the merger. New Company s organizational structure will have seven divisions to ensure business activities are productive and efficient. We will also prioritize several strategic areas to deliver the best-in-class asset management services. The strategic areas include investment in capabilities that leverage Artificial Intelligence and Big Data, development of products and businesses that address wealth accumulation for retail investors, and improving asset management capabilities in global market particularly in Asia. 1

2 4. Corporate Philosophy Our mission is to contribute to the sustained growth of all stakeholders, while our vision is to ensure that we work Towards the Best Asset Firm for Your Better Quality of Life. In the pursuit of these goals, we define Our Values as a Code of Conduct that all employees share. We believe practicing these values will enable us to quickly respond to structural changes in technologies and the global economy, and contribute to a better quality of life for our customers and all other stakeholders. 2

3 5. Logo mark 6. Corporate Profile Sumitomo Mitsui DS Asset Company, Limited Paid in Capital JPY 2 billion Home Address Atago Green Hills MORI Tower 28F, Atago, Minato-ku, Tokyo, , Japan Ownership Sumitomo Mitsui Financial Group 50.1% Daiwa Securities Group 23.5% Mitsui Sumitomo Insurance 15.0% Sumitomo Life Insurance 10.4% Sumitomo Mitsui Trust Bank 1.0% Date of Merger April 1 st, 2019 Contact Information Sumitomo Mitsui Asset Company Limited Takenari Suzuki takenari_suzuki@smam-jp.com Daiwa SB Ltd. Michio Obara obara@daiwasbi.co.jp

4 Annex 1: New Team Directors/Audit & Supervisory Board Members Title (Departments in Charge) Current Position Takashi Matsushita Representative Director, President and CEO Representative Director, President and CEO of SMAM Masaaki Goto Representative Director and Deputy President Executive Officer Representative Director, President and CEO of Daiwa SB Shingo Imai Director and Director, of SMAM Takashi Kawahori Director and Director, of SMAM Chikatomo Hodo Director (Outside) Director (Outside) of SMAM Noriyuki Yanagawa Director (Outside) Director (Outside) of SMAM Jun Arai Director (Outside) Director (Outside) of Daiwa SB Takayuki Nakata Audit & Supervisory Board Member Audit & Supervisory Board Member of Daiwa SB Hiroshi Saito Audit & Supervisory Board Member (Outside) Audit & Supervisory Board Member (Outside) of Daiwa SB Osamu Itagaki Audit & Supervisory Board Member Audit & Supervisory Board Member of SMAM Toshikazu Tagawa Audit & Supervisory Board Member (Outside) Audit & Supervisory Board Member (Outside) of SMAM Yasushi Manago Audit & Supervisory Board Member (Outside) Audit & Supervisory Board Member (Outside) of SMAM Executive Officers Title (Departments in Charge) Current Position Takashi Matsushita Representative Director, President and CEO Representative Director, President and CEO of SMAM Masaaki Goto Representative Director and Deputy President Executive Officer Representative Director, President and CEO of Daiwa SB Shingo Imai Director and Director, of SMAM Head of Investment (Economic Research Department, Insurance Account Department I and II) Takashi Kawahori Director and Director, of SMAM (Human Resources Department, General Affairs Department) Yoshihiro Horikawa Deputy President Executive Officer Head of Risk (Risk Department, Compliance Department) Representative Director, Deputy President of Daiwa SB Yoshio Urata Hiroaki Saito Tetsuya Kawaguchi Keiji Komagata Kenji Imamura (IT & Operation Department) Deputy Head of Investment Head of Investment Trust Business (Investment Trust Promotion Department) (Investment Trust Marketing DepartmentⅠand III, Sales Support Department) (IT & Operation Department) Naoya Miyagaki Director, of SMAM Head of International Business (International Business Planning Department) Makoto Kamiya (Corporate Strategy Department, Communication Department) Senior Managing Director, of Daiwa SB Senior Managing Director, of Daiwa SB Senior Managing Director, of Daiwa SB of Daiwa SB of Daiwa SB Managing Director, Managing Executive Officer of Daiwa SB Yuichiro Yoda Managing Executive Officer Managing Executive Officer of SMAM (Institutional Marketing Department I and II) Makoto Shiraga Managing Executive Officer Managing Executive Officer of Daiwa SB (Osaka Branch) Mitsuya Kawarazaki Managing Executive Officer Managing Executive Officer of SMAM (Institutional Business Promotion Department, Institutional Business Administration Department) 1/2

5 Annex 1: New Team Executive Officers Title (Departments in Charge) Current Position Tsuneto Iki Managing Executive Officer Managing Executive Officer of SMAM Head of Products (Product Development Department, Product Operation Department, Investment Trust Reporting Department, Marketing Planning Department, Wealth Development Department, Customer Experience Enhancement Department) Hideomi Ozaki Managing Executive Officer Executive Officer of Daiwa SB Head of Institutional Business Satoru Yoshida Managing Executive Officer Executive Officer of SMAM Deputy Head of International Business Hidehiro Fujiwara Managing Executive Officer Executive Officer of Daiwa SB (Equity Investment Department Ⅱ, Corporate Research Department Ⅱ) Tsuyoshi Imai Managing Executive Officer Executive Officer of SMAM (Trading Department I and II, IT & Operation Department) Tetsuya Tobe Executive Officer Executive Officer of SMAM Deputy Head of Risk Shin Ito Executive Officer Executive Officer of SMAM (Fund Accounting & Administration Department, Outsourcing Business Osamu Ueyama Executive Officer Executive Officer of SMAM (Marketing Planning Department, Wealth Development Department, Customer Experience Enhancement Department, Investment Trust Marketing Department I and III) Tetsuya Shimode Executive Officer Executive Officer of SMAM (Asian Region of International Business ) Koichi Kinoshita Executive Officer Executive Officer of SMAM (Equity Investment Department I, Engagement Investment Department, Corporate Research Department I) Takashi Kume Executive Officer Executive Officer of SMAM (Investment Development Department, Fund Operations Department I) Takaaki Baba Executive Officer Director, Executive Officer of Daiwa SB (International Marketing Department) Teruto Itami Executive Officer Executive Officer of Daiwa SB (Human Resources Department) Satoru Sakai Executive Officer Executive Officer of Daiwa SB (Global Strategies Investment Department II, Fund Operations Department II) Jun Fukashiro Executive Officer Executive Officer of SMAM (Global Strategies Investment Department I) Kazuhisa Shimbo Executive Officer Executive Officer of SMAM (Corporate Strategy Department, Communication Department) Akira Onuki Executive Officer Executive Officer of SMAM (Alternative Investment Department, Global Investment Department) Hiroyasu Maekawa Executive Officer Executive Officer of SMAM (Investment Trust Marketing Department II, Online Marketing Department) Takeshi Omasa Executive Officer Executive Officer of Daiwa SB (Investment Planning Department) Kazushi Iwai Executive Officer Executive Officer of Daiwa SB Deputy Head of Products Kazuhiro Horie Executive Officer General Manager of Daiwa SB (International Business Development Section) 2/2

6 Annex 2: Organization of New Company As of April 1, 2019 Investment Planning Department Investment Development Department Investment Technology R&D Section Quantitative Investment Section Economic Research Department Equity Investment Department Ⅰ Equity Investment Department Ⅱ Investment Engagement Investment Department Corporate Research Department Ⅰ Corporate Research Department Ⅱ Global Strategies Investment DepartmentⅠ Global Strategies Investment DepartmentⅡ Alternative Investment Department Insurance Account Department I Insurance Account DepartmentⅡ Fund Operations DepartmentⅠ Fund Operations DepartmentⅡ Trading DepartmentⅠ Trading DepartmentⅡ Responsible Investment Section Marketing Planning Department Wealth Development Department Customer Experience Enhancement Department Investment Trust Marketing DepartmentⅠ Nominating Committee Remuneration Committee Responsible Investment Committee Investment Trust Business Investment Trust Marketing DepartmentⅡ Investment Trust Marketing DepartmentⅢ Online Marketing Department Sales Support Department Investment Trust Promotion Department Institutional Marketing DepartmentⅠ Shareholders Meeting Board of Directors CEO Institutional Business Institutional Marketing DepartmentⅡ Institutional Business Promotion Department Institutional Business Administration Department Osaka Branch Nagoya Branch International Marketing Department Board of Auditors Meeting International Business International Business Planning Department International Business Development Section Shanghai Representative Office Overseas Offices Global Investment Department Auditors Office Products Product Development Department Product Operation Department Investment Trust Reporting Department IT & Operation Department Fund Accounting & Administration Department *Overseas Offices Sumitomo Mitsui Asset (London) Limited Sumitomo Mitsui Asset (New York) Inc. Sumitomo Mitsui Asset (Hong Kong) Limited Corporate Planning & Administrati on Outsourcing Business Department Corporate Strategy Department Business Development Section Communication Department Human Resources Department UOB-SM Asset Pte. Ltd. Daiwa SB (UK) Ltd. Daiwa SB (USA) Ltd. Daiwa SB (HK) Ltd. Daiwa SB (Singapore) Ltd. Risk General Affairs Department Risk Department Investment Compliance Section Compliance Department Internal Audit Department