Aozora Bank : Personnel Changes in Directors, Audit & Supervisory Board Members and Executive Officers

March 30, 2023 Aozora Bank, Ltd.

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Personnel Changes in Directors, Audit & Supervisory Board Members and Executive Officers

Aozora Bank announced the following personnel changes approved by the Board of Director's Meeting held today.

Director, Audit Supervisory Board (ASB) Member and Substitute ASB Member candidates will be approved at the 90th Ordinary General Meeting of Shareholders to be held on June 22, 2023.

【 Directors 】

Proposed Nomination [as of June 22, 2023]

[ Name ]	[ New Position ]
Masayoshi Ohara	Director, Senior Managing Executive Officer
Hideyuki Takahashi	Director
Hideaki Saito	Director

Retirement [as of June 22, 2023]

[ Name ]	[ Current Position ]
Tomomi Akutagawa	Director, Senior Managing Executive Officer
Hiroyuki Mizuta	Director
Tomonori Ito	Director

【 Audit & Supervisory Board Members 】

1. Audit & Supervisory Board Members

Proposed Nomination [as of June 22, 2023]

[ Name ]

[ New Position ]

Junichi Maeda

Audit & Supervisory Board MemberRetirement [as of June 22, 2023]

[ Name ]

[ Current Position ]

Kiyoto Hagiwara

2. Substitute ASB Member

Audit & Supervisory Board Member

Proposed Nomination [as of June 22, 2023]

[ Name ]

Kenzo Oka

【 Executive Officers 】

Change in Responsibilities [as of April 1, 2023]

[ Name ] [ New Position ]

[ Former Position ]Jun ShinozakiManaging Executive Officer

Head of Corporate Business Group, and GM of Merchant Banking Div.

Managing Executive Officer Head of Corporate Banking Group (Merchant Banking), and

GM of Merchant Banking Div.

Kazuhiro YasudaManaging Executive Officer Head of Corporate Banking GroupManaging Executive Officer Head of Corporate Banking Group (Corporate Banking)

Executive Officer

Mitsuhiro Segawa

Head of International Business Group

Executive Officer

Head of International Finance Group and Deputy Head of Asia Investment Group

Executive Officer

Shin Kato

Head of Asia Investment GroupChange in Responsibilities [as of June 22, 2023]

[ Name ] [ New Position ] Director,Masayoshi OharaSenior Managing Executive Officer CRO

Executive Officer

Head of Asia Investment Group and GM of Asia Pacific Division

[ Former Position ]Senior Managing Executive Officer CRO

Executive OfficerMayumi Takada

In charge of Sustainability Management

Executive Officer

Deputy in charge of Sustainability Management

Promotion [as of July 1, 2023]

[ Name ] [ New Position ]Masaki Onuma

Senior Managing Executive Officer CCRO

Managing Executive Officer CCRO

Managing Executive Officer CTO

Toru TakahashiHiroki Nakazato

Managing Executive Officer Head of Acquisition & Structured Finance Group, Head of Environment Business Group, GM of Acquisition & Structured Finance Division, and GM of Infrastructure and Environment Finance DivisionChange in Responsibilities [as of July 1, 2023]

[ Name ]

[ New Position ]

Executive Officer

Head of Compliance & Governance Unit

Executive Officer

Head of Acquisition & Structured Finance Group, Head of Environment Business Group, GM of Acquisition & Structured Finance Division, and GM of Infrastructure and Environment Finance Division

[ Former Position ]Takashi KatoJun ShinozakiHiroshi Suzuki

Senior Managing Executive Officer Head of Corporate Strategy Unit and in charge of Office of Corporate Secretary

Managing Executive Officer

Head of Corporate Business GroupExecutive Officer

Head of Compliance & Governance Unit

Senior Managing Executive Officer Head of Allied Banking GroupManaging Executive Officer

Head of Corporate Business Group and GM of Merchant Banking Div. (*1)

Executive Officer

Head of Corporate Strategy Unit and in charge of Office of Corporate Secretary

Executive Officer

Naoko Tanaka

Head of Allied Banking Group

Executive Officer

Deputy Head of Allied Banking Group

Executive Officer

Hiroshi Kaneko

Head of Human Resources UnitExecutive Officer

Head of Human Resources Unit and GM of Human Resources DivisionExecutive Officer

Kouji Igarashi

Head of Real Estate Finance Group and GM of Global Real Estate Structured Debt Division

(*1) Responsibility change from April 1, 2023

Executive Officer

Deputy Head of Real Estate Finance Group and GM of Global Real Estate Structured Debt Division

New Appointments [as of July 1, 2023]

[ Name ]

[ New Position ]Kosuke TakaiChiharu HirotaExecutive Officer Deputy CCROExecutive Officer

Deputy Head of Human Resources Unit and GM of Human Resources Division

Retirement [ as of June 30, 2023]

[ Name ]

[ Current Position ]Deputy CCROGM of Financial Institutions DivisionⅡ

Fumihiko Hirose

Senior Managing Executive Officer Head of Real Estate Finance GroupTomoyuki YamadaManaging Executive Officer CTO

Fumihiko Hirose and Tomoyuki Yamada are scheduled to take position of Senior Advisor as of July 1, 2023.