Seiji Wakao

JPMorgan Securities Japan Co. Ltd. (JPMS-J) is the brokerage subsidiary of JPMorgan International Finance Ltd., itself a subsidiary of JPMorgan Chase & Co. (NYSE: JPM) in the US. Headquartered in Tokyo, Japan, JPMS-J provides investment banking services, intermediary of Global Custody service and other asset servicing business provided by JPMorgan Chase Bank N.A. and its group companies.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS) is an independent securities brokerage firm headquartered in Tokyo, Japan. The firm was founded in 1948 through a joint venture between Mitsubishi UFJ Securities Holdings Co. Ltd. and Morgan Stanley Japan Holdings Co. Ltd. MUMSS offers domestic retail brokerage services to corporate and institutional clients.

Nomura Securities Co., Ltd. (NSC) is a wholly-owned brokerage subsidiary of Nomura Holdings, Inc. (TSE: 8604; NYSE: NMR). Headquartered in Tokyo, the firm was founded in 1925. NSC places a strong emphasis on research, both fundamental and quantitative. In addition to stock and bond underwriting, their activities include IPO and M&A advisory, wealth management, separately managed accounts, fund wrap services, prime brokerage and structured equity finance. Their clients include institutions, hedge funds, private banks and private equity funds as well as corporate clients and retail investors.