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February 12, 2020
OKASAN SECURITIES GROUP INC.
Notice of Change in Executives and Change in Representative Director (Change in President) of Subsidiary (Okasan Securities)
We hereby announce the companies in the Okasan Securities Group will make the following changes with respect to directors as per the attached document.
Notice of Change in Executives
February 12, 2020
OKASAN SECURITIES GROUP INC.
Okasan Securities Group Inc. (Location: Chuo-ku, Tokyo; Representative: President Hiroyuki Shinshiba) hereby announces it will make the following changes with respect to its executives.
1. Change in representative director
Promoted representative director (as of April 1, 2020)
- Chairman and representative director
- Tetsuo Kato (currently vice chairman and representative director; director of Okasan Securities Co., Ltd.)
- Tetsuo Kato will continue to serve as director of Okasan Securities Co., Ltd.
2. Change in director
Promoted director (as of April 1, 2020)
- Vice chairman and director
- Hiroyuki Shindo(Currently director; president, representative director, and executive officer of Okasan Securities Co., Ltd.)
- Hiroyuki Shindo intends to resign as president, representative director, and executive officer of Okasan Securities Co., Ltd. effective March 31.
Notice of Change in Representative Director (Change in President)
February 12, 2020
Okasan Securities Co., Ltd.
Okasan Securities Co., Ltd. (Location: Chuo-ku, Tokyo; Representative: President Hiroyuki Shindo) hereby announces it will make the following change with respect to its representative director.
1. Reason for change
The business environment is changing dramatically alongside various societal changes. While the financial business is expected to develop, it, too, faces various challenges, including changes in the structure of industry competition and in demographics, as well as diversified and sophisticated investor needs. The Okasan Securities Group is marking the centennial of its foundation in 2023, three years from now. To continue to earn the trust of its customers and to continue growing after this historic milestone, Okasan Securities, the core Group company, is working to accelerate business model reforms.
We will make a focused effort to provide added value from the customer's perspective in ways closely tailored to the needs of each customer. We plan to build a new organization to realize this. The Okasan Securities Group is currently formulating its next medium-term management plan, and Okasan Securities will play a central role. For this reason, the decision was made to strengthen the management structure to achieve these reforms.
2. Content of change
(1)Promoted representative director (as of April 1, 2020)
- Chairman and representative director
- Hiroyuki Shinshiba (currently representative director; president and representative director of Okasan Securities Group Inc.)
- Hiroyuki Shinshiba will continue to serve as president and representative director of Okasan Securities Group Inc.
(2)New representative director candidate (as of April 1, 2020)
- President, representative director, and executive officer
- Makoto Egoshi (currently president and representative director of Okasan Information Systems Co., Ltd. and executive officer of Okasan Securities Group Inc.)
- Makoto Egoshi intends to resign as president and representative director of Okasan Information Systems Co., Ltd. effective March 31.
(3) Representative director planning to resign (effective March 31, 2020)
- Hiroyuki Shindo
- (currently president, representative director, and executive officer; director of Okasan Securities Group Inc.)
- Hiroyuki Shindo intends to assume the position of vice chairman of Okasan Securities Group Inc. as of April 1.
[Reference Information] Career History of New President
| Name | Makoto Egoshi | |
|---|---|---|
| Date of birth | 1969 April 5 | |
| Career summary | 1993 March | Graduated from Waseda University's School of Education |
| 1993 April | Jointed Okasan Securities (now Okasan Securities Group) | |
| 2011 June | Senior General manager of Retail Business Strategy Dept., Okasan Securities | |
| 2014 April | Senior General manager of Group Affiliated Companies Administration Dept., Okasan Securities Group | |
| 2016 April | Associate director of Okasan Securities; second in charge of Planning Division Appointed executive officer of Okasan Securities Group (current position) Second in charge of Group General Planning Dept. and Group Information Technology Dept. |
|
| 2017 March | Concurrently appointed chairman and director of Okasan Online Securities | |
| 2017 June | Appointed director of Okasan Securities Group Concurrently appointed president and representative director of Okasan Information Systems (current position) |
|
| 2018 June | Resigned as director of Okasan Securities Group | |
| 2019 March | Resigned as chairman and director of Okasan Online Securities | |
| Present | ||
- The Okasan Securities Group implemented a holding company structure on October 1, 2003, and Makoto Egoshi's career summary while at former Okasan Securities Co., Ltd. prior to the change (now Okasan Securities Group Inc.) is provided as information on his career.