JSDA Appoints Nomura Securities President Toshio Morita as Chairman and CEO

Nomura Securities Co., Ltd., part of Nomura Holdings, Inc., announced that the Japan Securities Dealers Association (JSDA) has confirmed to appoint its Representative Director and President Toshio Morita as Chairman and CEO at a meeting of the General Assembly held by the JSDA. Mr. Morita's appointment will take effect on July 1, 2021.

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Mr. Morita will step down as Representative Executive Officer, Nomura Holdings, Inc. and Representative Director, President of Nomura Securities Co. Ltd., at the conclusion of the Ordinary General Meeting of Shareholders of Nomura Holdings and Nomura Securities in June 2021. Nomura Securities CEO Kentaro Okuda will succeed Morita as the President.

Mr. Morita has been with Nomura Securities for 26 years and was elected as the president in April 2017 after his roles as managing director and vice president.

The Japan Securities Dealers Association (JSDA) is an association functioning as a self-regulatory organization (SRO) and as an interlocutor for the securities industry. The purposes of the JSDA are to protect investors by ensuring fair and smooth trading in securities and other transactions by members of the association.