Yoshiharu Izumi

SBI Securities Co., Ltd. is the broker/dealer subsidiary of SBI Financial Services Co. Ltd., itself a subsidiary of SBI Holdings, Inc. (TYO: 8473) in Japan. The firm was founded in 1944 as SBI eTrade Securities Co., Ltd. and changed their name to SBI Securities Co., Ltd. in 2008. Headquartered in Tokyo, SBI Securities provides securities trading, underwriting and private placement services, which are offered through the Internet and call centers. Besides domestic stocks, the product lineup extends to investment trusts, foreign stocks, futures and options, FX (foreign exchange margin trading), domestic and foreign bonds, etc. to meet the various needs of investors, supporting efficient fund management of individual investors.

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.