Organizational and Personnel Changes

News Release

Sumitomo Mitsui DS Asset Management Company, Limited

February 24, 2021

Sumitomo Mitsui DS Asset Management Company, Limited (President and CEO: Takashi Saruta) announced its organizational and personnel changes as follows.

These changes are intended to further enhance customer satisfaction as we strive to be the best asset management company that contributes to Quality of Life of customers. Please refer to Exhibit 1 for our new organizational structure.

1Effective Date

April 1, 2021

2Organizational Change

(1) Enhancement of sales and marketing functions

  • i. In order to appropriately reflect the results of analysis, including customer feedback and customer satisfaction surveys, in the improvement of company-wide sales activities, we will change Customer Experience Enhancement Department to an internal office of Marketing Planning Department, and renamed it the "Customer Experience Enhancement Section".

  • ii. In order to respond to the rise of online channels in the retail market and the further growing web-based transactions, and to share know-how and strengthen company-wide sales capabilities, Online Marketing Department will become an internal office of Investment Trust Marketing Department, and will be renamed "Online Marketing Section".

  • iii. In order to respond swiftly and accurately to rapidly changing global asset management market, the mission of the International Business Department will be more clearly defined.

(2) Establishment of a systematic and effective training platform

In order to foster highly specialized human resources, we will establish the "Human Resources Development Section" within the Human Resources Department to develop and implement a systematic and effective training program.

Registration Number The Director of Kanto Local Finance Bureau

(KINSHO) No.399

Member of

1

3Changes in Executive Officers

News Release

Sumitomo Mitsui DS Asset Management Company, Limited

February 24, 2021

1Promoted Executive Officers

New Position (Departments in Charge)

Current Position (Departments in Charge)

Name

Senior Managing Executive Officer Deputy Head of Investment Management Division (Product Development)

(Alternative Investment Department, Global Investment Management Department)

Managing Executive Officer Head of Products Division

(Product Development Department, Product Operation Department)

Tsuneto Iki

Managing Executive Officer (Institutional Marketing Department)

Executive Officer

(Institutional Marketing Department)

Ryohei Ajisaka

Managing Executive Officer (Investment Planning Department, Fund Management Department, Trading Department)

Executive Officer

(Investment Planning Department, Fund Management Department)

Kazushi Iwai

Managing Executive Officer Head of Products Division

(Product Development Department, Product Operation Department)

Executive Officer (Investment Trust Marketing Department, Online Marketing Department)

Osamu Ueyama

(2)Newly appointed Executive Officers

New Position (Departments in Charge)

Current Position (Departments in Charge)

Name

Executive Officer and General manager of Corporate Strategy Department

(Corporate Strategy Department)

General manager of Corporate Strategy Department and General manager of Business Development Section and Chief of Corporate Strategy Team

Tsuyoshi Niijima

Registration Number The Director of Kanto Local Finance Bureau

(KINSHO) No.399

Member of

2

(3)Changes of the departments in charge

News Release

Sumitomo Mitsui DS Asset Management Company, Limited

February 24, 2021

New Position (Departments in Charge)

Current Position (Departments in Charge)

Name

Director and Senior Managing Executive Officer

Head of Investment Management Division and General manager of Insurance Account Department Ⅱ (Investment Department, Insurance Account Department I and Ⅱ)

Director and Senior Managing Executive Officer

Head of Investment Management Division

(Investment Department, Insurance Account Department I and Ⅱ)

Shingo Imai

Managing Executive Officer (Investment Department (Equity), Engagement Investment Department)

Managing Executive Officer (Investment Department, Engagement Investment Department)

Koichi Kinoshita

Managing Executive Officer (Investment Department (Fixed Income))

Managing Executive Officer (Investment Department)

Satoru Sakai

Executive Officer (Investment Department (Investment Development))

Executive Officer (Investment Department)

Kazuo Watanabe

Managing Executive Officer (Alternative Investment Department, Global Investment Management Department)

Managing Executive Officer (Institutional Marketing Department, Client Service Department, Disclosure Department)

Yuichiro Yoda

Representative Director and Deputy President Executive Officer (International Business Department)

Representative Director and Deputy President Executive Officer (Alternative Investment Department, Global Investment Management Department, International Business Department)

Takayuki Sawano

Senior Managing Executive Officer Head of Sales & Marketing Division (Client Service Department, Disclosure Department)

Senior Managing Executive Officer (Osaka Branch)

Makoto Shiraga

Senior Managing Executive Officer (Osaka Branch, Nagoya Branch)

Senior Managing Executive Officer Deputy Head of Sales & Marketing Division

Mineo Takatsuka

Executive Officer and General manager of Marketing Planning Department

(Marketing Planning Department, Wealth Development Department, Investment Trust Marketing Department, Sales Support Department)

Executive Officer and General manager of Marketing Planning Department

(Marketing Planning Department, Wealth Development Department, Customer Experience Enhancement Department)

Takenari Suzuki

Senior Managing Executive Officer (IT Management Department, Fund Accounting & Administration Department, Outsourcing Business Management Department)

Senior Managing Executive Officer (IT Management Department)

Kenji Imamura

For details on the responsibilities of all executive officers, please refer to "List of Executive Officers on Exhibit 2."

Registration Number The Director of Kanto Local Finance Bureau

(KINSHO) No.399

Member of

3

4About Changes in General Managers

News Release

Sumitomo Mitsui DS Asset Management Company, Limited

February 24, 2021

New Position

Current Position

Name

General Manager of Trading Department

Trading Department Senior Manager

Motoyuki Sakurai

General Manager of International Business Department and Chief of Client Relations Team

International Business Department Assistant General Manager and Chief of Global Client Solution Team

Daisuke Ishihara

General Manager of Wealth Development Department and Chief of Wrap Accounts Team

Wealth Development Department Deputy General Manager

Yasuko Kito

General Manager of Nagoya Branch

Nagoya Branch Senior Manager and Institutional Marketing Department Senior Manager

Yoichi Koizumi

General Manager of Risk Management Department

Corporate Strategy Department Assistant General Manager

Tomonobu Matsui

General Manager of General Affairs Department

General Manager of Risk Management Department

Hiroyuki Kuwahara

Contact

Katsuki Maruyama

Corporate Strategy Department Communication Section Tel +813-6205-1908

Registration Number The Director of Kanto Local Finance Bureau

(KINSHO) No.399

Member of

4

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Sumitomo Mitsui Financial Group Inc. published this content on 24 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2021 08:23:06 UTC.