Monex : Announcement of Changes in Management

Announcement of Changes in Management

TOKYO, March 23, 2022 - Based on a resolution of the Board of Directors, Monex Group, Inc. ("the Company") hereby announces the appointment of COO and CFO Yuko Seimei as co-CEO as well as the changes in officers, executive officers and an expert director. At the same time, the Company announces changes in management and employee for the following group companies. All appointments are effective April 1, 2022.

• Monex Group, Inc.
• Monex, Inc.
• Monex Asset Management, Inc.

1. Background

Ever since its founding 1999, the Company has played a pivotal role in the creation and development of Japan's online brokerage business for individual investors. With the acquisition of the US online brokerage company TradeStation Group, the establishment of Monex Asset Management, Inc. and Japan Catalyst, Inc., and the 2018 acquisition of Coincheck, Inc., the Company now has a business portfolio with three pillars of operations - a global online brokerage business, an asset-management business and a crypto asset business.

As announced in the press release dated March 22, 2022, "Coincheck Group B.V. to become public on the Nasdaq through a De-SPAC with Thunder Bridge Capital Partners IV, Inc.", the Company aims to globalize its crypto asset business and increase profitability of the entire Group by making Coincheck Group B.V. into public in the United States. To secure the success of this strategy, the Company's CEO Oki Matsumoto will focus considerable resources and energy to this project harnessing his 22 years of experience leading a publicly listed company and his extensive network in the global capital markets.

Ever since current Representative Director Yuko Seimei joined the Company, she has played a pivotal role in establishing the investment business and successfully executed the Coincheck acquisition. She has also demonstrated exceptional management skills as president of Monex, Inc., and has records of accomplishment of executing businesses as COO/CFO of the listed company. In recognition of her leadership qualities, strategic thinking, and ability of managing human resources, Yuko Seimei has been appointed as co-CEO while continuing to serve as CFO. With the De-SPAC ushering the crypto asset business's second phase of growth, the Company has decided to split the role of CEO into two functions. Oki Matsumoto, as CEO, will lead the crypto asset business and new businesses and oversee the asset management business, while Yuko Seimei will manage the global online brokerage business as co-CEO.

To reinforce the areas of wealth management, asset management and technology, the Company has also decided to implement changes in executive officers. This new management team will work together to realize medium- and long-term business growth, greater corporate value and an increase in share price.

2. Changes in Management I. Monex Group, Inc.

Officers, executive officers, expert directors

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Effective April 1, 2022 (scheduled)

(New position)	(Name)	(Current position)
Representative Director		Representative Director
Co-CEO
Yuko Seimei(*1)	COO/CFO
CFO
Executive Officer & Chairman	Shoji Kuwashima(*2)	Executive Officer
CQO
Executive Officer	Naofumi Yamada	－
Expert Director	Satoru Adachi	－

Co-CEO:Co-Chief Executive Officer

COO: Chief Operating Officer

CFO: Chief Financial Officer

CQO: Chief Quality Officer

(*1) Yuko Seimei will continue to concurrently serve as representative director and president of Monex, Inc.

(*2) Shoji Kuwashima will continue to concurrently serve as Member of the Board of Monex, Inc., and Managing Director of Coincheck, Inc.

【Reasons for the appointment of Naofumi Yamada as executive officer】

Naofumi Yamada is co-founder of an IT-related B2B company focused on machine learning and deep learning. In addition to having been a director and chief technology officer (CTO) of a venture company, he has extensive experience as a specialist (patent attorney). Since his appointment as outside director in June 2021, he has made tremendous contributions to energizing the board of directors with his IT-related knowledge and his fresh perspective as a member of the younger generation. To further utilize his IT-related knowledge and experience, the Company has decided to appoint him as executive in charge of technology of new businesses and our crypto asset businesses.

【Reasons for the appointment of Satoru Adachi as expert director】

Satoru Adachi has extensive experience and specialized knowledge of the wealth management business. In addition to promoting the group's operations in this field, the Company believes he will enhance our ability to fulfill the asset management needs of our increasingly diverse range of customers in line with their life plan and life stage and support the Company's corporate mission to "optimize each person's lifetime balance sheet."

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Responsibilities of Executive Officers (As of April 1, 2022 (scheduled))

		Name	Title		Responsibilities	Other important positions in the
							group
		Oki	Representative		Chief Executive Officer	- Chairman of the Board of
		Matsumoto	Executive		- Overall Management
			Officer & CEO		- Crypto Asset Business		Directors, TradeStation Group, Inc.
						- Asset Management	- Chairman, Managing Director &
						Business		Executive Director, Coincheck, Inc.
						- New Businesses	- Chairman & Managing Director,
						- Corporate		Japan Catalyst, Inc.
						Communications
		Yuko	Representative		Co-Chief Executive	- Representative Director &
		Seimei	Executive		Officer/		President, Monex, Inc.
			Officer		Chief Financial Officer	- Director, TradeStation Group, Inc.
						- Strategic Planning
						- Financial Controls
						- Global Securities
						Business
						- Investment Business
		Kiminori	Executive		- Information Security	- Member of the Board, Monex, Inc.
		Kaneko	Officer		- Risk Management
		Takashi	Executive		- US Business	- Director & Chief Strategic Officer,
		Oyagi	Officer			TradeStation Group, Inc.
		John	Executive		- US Business	- Director & President, TradeStation
		Bartleman	Officer			Group, Inc.
		Shoji	Executive		Chairman	- Member of the Board, Monex, Inc
		Kuwashima	Officer		- Internal Controls
						- Quality Controls	- Managing Director, Coincheck, Inc.
						- Crisis Management
		Katsuki	Executive		- Asia-Pacific Business	- Representative Director &
		Mandai	Officer		- Asset Management
				President, Monex Asset
						Business
							Management, Inc.
						- Wealth Management
		Takuya	Executive		- Human Resources	- Senior Executive Director,
		Yamanaka	Officer			Monex, Inc.
		Naofumi	Executive		- Technology
		Yamada	Officer		- Crypto Asset Business
II. Monex, Inc.
Management Director Changes
	Effective March 31, 2022 (scheduled)
	Name			New Position		Current Position
	Katsuki Mandai			(Resign)		Managing Director & Vice
				President,
								Head of Sales Division
	Effective April 1, 2022 (scheduled)

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	Name	New Position	Current Position
	Eriko Mizuno	Management Director &	Executive Director
	Executive Director
Executive Director Changes
	Effective April 1, 2022 (scheduled)
	Name	New Position	Current Position
		Senior Executive Director,
	Terumitsu Kanai	Head of Products Division	Senior Executive Director,
	General Manager, Sustainable	Head of Products Division
		Finance Department
		Executive Director	Executive Director, Head of
		Head of Customer Services
		Development Division
	Atsushi Yasuhara	Division
	General Manager, Strategic
		General Manager, Customer
		Development Department
		Service Planning Office
		Executive Director	Executive Director
		General Manager, Products
		Head of Sales Division
	Shinichiro Yamada	Department
	General Manager, Marketing
		General Manager, Sustainable
		Department
		Finance Department
		Executive Director
		Head of Development
	Hiroshi Goto	Division	Executive Director
		General Manager, Strategic
		Development Department
	Junya Matsuoka	Executive Director(*3)	Executive Director
	General Manager, Customer
			Service Planning Office
	Rikiji Maki	Executive Director(*4)	Executive Director
	General Manager, Marketing
			Department

(*3) Junya Matsuoka will be appointed as Executive Director who is in charge of Corporate Finance Department as of April 1.

(*4) Rikiji Maki will be appointed as Executive Director who is in charge of Credit Department, Corporate Administrative Department and Quality Management Department as of April 1.

Personnel Change

Effective April 1, 2022 (scheduled)

Name	New Position	Current Position
Akio Sanechika	General Manager, Products	－
Department

Ⅲ. Monex Asset Management, Inc.

4

Management Director Changes

Effective April 1, 2022 (scheduled)

Name	New Position	Current Position
Katsuki Mandai	Representative Director &	－
President
Tomoshige Nakamura	Managing Director & Vice	Representative Director &
Chairman	President

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