Satoshi Sakae

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.

Daiwa Securities Co. Ltd. (Broker) (Daiwa Broker) is the brokerage division of Daiwa Securities Co. Ltd., which is ultimately held by Daiwa Securities Group, Inc. (TYO: 8601). The firm is headquartered in Tokyo and was founded in 2012. Daiwa Broker provides brokerage services to their clients.