Sumitomo Mitsui Financial : Organizational and Personnel Changes

【NEWS RELEASE】

March 17, 2021

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, 2021）

(1)

System
	System is established.
	System Planning & Operation Division is transferred from Administrative Operation to
System.

(2) Business Strategy & Development

 Merchant Banking Division is transferred from Wholesale Business Planning to Business Strategy & Development.

• (3) Digital Innovation  Innovation is renamed Digital Innovation.

• (4) Direct Marketing  Direct Service is renamed Direct Marketing.

   Direct Marketing Division is transferred from Sales Planning to Direct Marketing.

• (5) East Japan District, Shutoken District, Tokai/Shutoken West District, Kinki District, West Japan/Hokuriku District, Kyushu/Shutoken East District

   East Japan District, Shutoken District, Shutoken East District, Shutoken West District,

  Tokai/Hokuriku/Shinshu District, Kinki/Shikoku District, West Japan District are reorganized as East Japan District, Shutoken District, Tokai/Shutoken West District, Kinki District, West Japan/Hokuriku District, Kyushu/Shutoken East District.

• (6) Private Banking  Private Banking Compliance & Administration is abolished and the business is transferred to Sales Administration Division.

• (7) Product Marketing  CIO Preparatory Office is reorganized as Chief Investment Office.

This material is an English translation of Japanese announcement made on March 17, 2021. Although the company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed and thus you are encouraged to refer to the original Japanese document.

(8) Global Markets Planning  Quantitative Analytics & Development Section is reorganized as Quantitative

Analytics & Development Division.

(9)IPO Underwriting & Consulting  IPO Underwriting & Consulting, Investment Banking is renamed IPO Underwriting &

Consulting.

• (10) Corporate Finance

  •  Corporate Business, Corporate Banking, Investment Banking are reorganized as Corporate Finance.

  •  Corporate Clients III Division, Corporate Clients V Division, Part of business of Investment Banking I Division, Investment Banking II Division are reorganized as Technology, Media & Telecom Group.

  •  Corporate Clients I Division, Corporate Clients II Division, part of business of Corporate Clients VI Division, Corporate Clients VII Division, part of business of Investment Banking I Division, Investment Banking III Division are reorganized as Industrials Group.

  •  Corporate Clients IV Division, Part of business of Corporate Clients VI Division, Investment Banking IV Division are reorganized as Consumer, Retail & Healthcare Group.

  •  Corporate Clients II Division, Investment Banking V Division are reorganized as Real Estate & Infrastructure Group.

  •  Investment Banking VI Division is renamed Public & Financial Institutions Group.

  •  Investment Banking VII Division is renamed Financial Sponsor Group.

  •  Investment Banking VIII Division is renamed Corporate Finance Group I.

  •  Corporate Clients IX Division is renamed Consumer, Retail & Healthcare Group II.

  •  Investment Banking IX Division is renamed Corporate Finance Group II.

  •  Corporate Clients VIII Division, Corporate Clients X Division are transferred from Corporate Business to Corporate Finance.

  •  Investment Banking Business Support Division is established.

  •  Industrial Research Division is transferred from Investment Banking to Global Investment Banking Unit.

• (11) Corporate Finance Nagoya  Corporate Clients Nagoya is renamed Corporate Finance Nagoya.

• (12) Corporate Finance Osaka  Corporate Clients Osaka is renamed Corporate Finance Osaka.

• (13) Mergers and Acquisitions Advisory  Investment Banking Osaka is transferred from Corporate Clients Osaka to Mergers and Acquisitions Advisory and renamed Mergers and Acquisitions Advisory Osaka

  Division.

   Mergers and Acquisitions Division is transferred from Corporate Banking to Mergers and Acquisitions Advisory and renamed Mergers and Acquisitions Advisory III Division.

• (14) Chief Sustainability Officer  Chief Sustainability Officer is established.

• (15) Based in Hong Kong  Based in Hong Kong is established.

2. Organizational Changes （Effective as of April 1, 2021）

• (1) Private Wealth  Private Banking is renamed Private Wealth.

• (2) Corporate Finance

 Corporate Clients VIII Division, Corporate Clients X Division are reorganized as Technology, Media & Telecom Group II.

3. Changes in Executive Officers （Effective as of March 17, 2021）

(1) Retirement of Executive Officers

Hitoshi Ishii	Advisor
Taro Hayashi	Advisor
Hiroaki Toyoda	Chairman, Nikko Business Systems Co., Ltd. （Effective as of April 1, 2021）
Yoshiyuki Ninomiya	President & CEO, Nikko Investor Relations Co.,Ltd. （Effective as of April 1, 2021）
Tomonari Kimura	Advisor
Masaharu Suenaga	President & CEO, Nikko Research Center, Inc. （Effective as of April 1, 2021）
Mitsuhiro Akiyama	Advisor
Tadaaki Komori	Advisor
Ken Tanizaki	Executive Managing Director, Nikko Business Systems Co., Ltd. （Effective as of April 1, 2021）

(2) Changes in Executive Officers

Kenichi Hida	Deputy President Executive Officer, Head of Sales Unit
Toshihiro Sato	Deputy President Executive Officer, Head of Global Markets Unit
Kazuhiro Notsu	Senior Managing Executive Officer, Head of Planning Unit and Head of Finance
Takashi Aiki	Senior Managing Management UnitExecutiveOfficer,HeadofRisk
Masashi Sakamoto	Senior Managing Executive Officer, Head of Product Marketing Unit
Hitoshi Minami	Senior Managing Executive Officer, Head of International Business Unit
Satoshi Osawa	Senior Managing Executive Officer, Head of Financial & Public Institutions Unit and Senior Deputy Head of Sales Unit