March 3, 2016 Mizuho Securities Co., Ltd. Notice of Organizational Changes Mizuho Securities Co. Ltd. (President & CEO: Hiroshi Motoyama; hereinafter the Company ) hereby announces the following organizational changes outlined below. These changes are to consist of organization name changes, based on Mizuho Financial Group Inc. (hereinafter Mizuho ) policy to achieve naming consistency across organizational layers, as well as changes to enable the Company to enhance its ability to offer attractive services to clients and strengthen its business promotion capabilities. Changes will take effect on April 1, 2016. Please refer to the attached organizational chart for details regarding the post-change organizational structure. Principal changes will be as follows: 1. Organizational name changes throughout the Company based on Mizuho s policy of achieving naming consistency across organizational layers. The Investment Banking, the Markets & Products, the Corporate Investment Services & Retail will respectively be renamed the Global Investment Banking, the Global Markets and the Retail & Banking. The Research Group will be renamed the Research & Consulting Unit. The Internal Audit will be renamed the Internal Audit Group. Groups currently positioned under front divisions and the Syndication Group will be repositioned as divisions. 2. Enhancement of the Company s ability to offer attractive services to clients as well as organizational revisions to strengthen business promotion capabilities. -- Global Investment Banking -- To strengthen the Global Investment Banking coverage framework, Sector Coverage Depts. I - V, the Financial Institution Dept. and the Public Institution Dept. will be restructured as nine coverage sectors. Furthermore, coverage organizations in the Investment Banking will be consolidated within the Investment Banking and Public & Financial Institutions. At the same time, in aiming to roll out a sales approach
finely tuned to the needs of clients, the Investment Banking Dept. will be eliminated in shifting to Retail & Banking -based corporate finance departments and relevant Investment Banking sectors. To strengthen real estate business coverage functions, not only will a new real estate sector be established within the Investment Banking, but this sector will result in the consolidation of both the real estate coverage and privately placed real estate fund coverage functions of Sector Coverage Dept. III, as well as the REIT coverage functions of Real Estate Finance Dept. I. In tandem with these changes, Real Estate Finance Dept. I will be eliminated and Real Estate Finance Dept. II will be renamed the Real Estate Finance Dept. To strengthen coverage functions of fund related business, a new entity, Financial Sponsors Investment Banking, will be established within the Investment Banking with PE fund coverage functions and trading firm coverage functions of Sector Coverage Dept. IV consolidated within this entity. To strengthen divisional management, etc. resulting from the Global Investment Banking s integration of planning oversight functions and business promotion functions, the Client Coverage Coordination Dept. will be eliminated and its functions will be consolidated within the Investment Banking Administration Dept. In addition to strengthening the Global Investment Banking s cross-divisional origination functions and execution functions, in order to enhance the Company s ability to offer attractive products and services, the Advisory Group, the IB Products Group and the Capital Markets Group will be consolidated within the Products. -- Global Markets -- To enhance the Company s ability to offer attractive services and streamline operations, credit-related operations will be consolidated within the Non-Yen Bond Trading Dept. and the department will be renamed the Credit Trading Dept. Equity Finance Dept. functions will be consolidated within the Equity Trading Dept. to ensure clients can take advantage of both equities lending functions and facility trading functions as an integrated package. -- Retail & Banking -- Sales planning and promotion functions targeting HNW clients (previously covered by the Retail Promotion Dept. and the Private Banking Advisory Dept.) will be transferred to the Corporate Promotion Dept. which will be renamed the Corporate General Promotion Dept. The Kansai Consulting Support Dept. will be established to provide support for consulting
business, etc. conducted by Kansai region sales offices. The Channel Strategy Office will be established within the Corporate Investment Services & Retail Management Dept. to develop policy plans and proposals for consistently mobilizing direct and indirect channels. In relation, the Retail Marketing Dept. will be eliminated and its marketing functions will be transferred to the Office. In addition to changing the name of the Internet Service Dept. to the Internet Promotion Dept., contact center-related planning and proposal functions will be transferred to this newly-named department to enhance the planning and proposal functions of the Internet & Contact Center (which is in charge of indirect channels). In efforts to ensure business promotion functions for employees of corporate customers and ESOP-related business (including stock options) are managed consistently by one team, the Promotion Dept. for Employees of Corporate Customers and the Finance Consulting Dept. will be merged and the Life Planning Dept. will be established. The Branch Network Planning Dept. will be established to serve both as an organization with direct divisional oversight (in efforts to integrate and strengthen branch network strategy functions of the Corporate Investment Services & Retail Management Dept. and Planet Booth strategy functions of the Collaboration Management Dept.) and as an organization to promote Mizuho s Area One Mizuho Promotion Strategy as part of a unified channel strategy. Previously housed within the Corporate Promotion Dept., the Strategy Research Office will be reorganized as the Strategic Research Dept. to strengthen strategic research functions to expand the Company s IPO business. Corporate Finance Promotion Dept. I - IV will be renamed Corporate Finance Dept. I - IV. In addition, the Investment Banking Dept. (positioned under the Investment Banking umbrella) will be eliminated, and responsibilities for its corporate clients will be split between Investment Banking -based sector departments and a newly-established entity Corporate Finance Dept. V, marking the shift to a structure consisting of five corporate finance departments as opposed to four. Tokyo Corporate Services Dept. will be split into Tokyo Corporate Services Dept. I and Tokyo Corporate Services Dept. II in order to strengthen sales functions to better target public interest corporation clients (effective April 4, 2016). In striving to streamline operations, sales support duties (including retail client-targeted product promotion functions of the Product Promotion Dept.) spread throughout multiple departments of the Corporate Investment Services & Retail (slated to be renamed the Retail & Banking Div.) will be consolidated within the Product Planning Dept. and the Product Promotion Dept. will be eliminated. At the same time, the Asset Management Dept.
will be renamed the Fund Product Development Dept. A new project team (Branch Innovation Project Team) will be established within the Retail & Banking to develop the kind of structures which will strengthen sales branch autonomy as well as take management to a higher level. -- Syndication -- To ensure the Company is better able to take on new innovative business and to enhance the Company s agility as well as adaptability in responding to a broader range of deals, Markets Solutions Dept. functions will be taken over by both the Debt Syndication Dept. and the Equity Syndication Dept. while the Markets Solutions Dept. will be eliminated. 3. Organizational changes concerning other corporate functions The Global Coordination Dept. will be renamed the Global Strategy Dept. to enhance Mizuho Securities Group global strategic planning and promotion functions. To provide sales support for the Company s front business (consisting of the capital markets business among others) via capital markets research functions, etc. (which, until now have been positioned within the Strategic Research Dept.) this department will be renamed the Markets Strategic Intelligence Dept. and will become an organization under direct management control. The Compliance Planning Dept. will be renamed the Compliance Dept. in line with aims to strengthen monitoring oversight functions within the Compliance Group (which, until now, have been conducted by the Compliance Planning Dept.).
Internal Audit Dept. Due Diligence Dept. Markets Strategic Intelligence Dept. Industry - Government - Academia Collaboration Office Investment Dept. Equity Research Dept. Fixed Income Research Dept. Contact Services Dept. Internet Promotion Dept. Osaka Corporate Finance Dept. Osaka Corporate Services Dept. Corporate Investment Dept. Life Planning Dept. Strategic Research Dept. Corporate General Promotion Dept. Wealth Management Osaka Dept. Wealth Management Tokyo Dept. Retail Promotion Dept. Private Banking Dept. Private Banking Advisory Dept. Kansai Consulting Support Dept. Metropolitan Area Consulting Support Dept. IPO Dept. Public & Financial Institutions Support Dept. Promotion Dept. Investment Information Dept. Investment Management Dept. Fund Product Development Dept. Product Planning Dept. Corporate Investment Services & Retail Supervising Dept. General Affairs Administration Dept. Collaboration Management Dept. Branch Network Planning Dept. Corporate Investment Services & Retail Management Dept. Equity Product Marketing Dept. Corporate Access Dept. Institutional Sales Dept. Sales Trading Dept. Equity Investment Dept. Equity Trading Dept. Equity Administration Dept. Products Promotion & Marketing Dept. JA Sales Dept. Non-Yen Fixed Income Dept. Credit Trading Dept. Derivative Products Dept. Fixed Income Trading Dept. Fixed Income Administration Dept. Strategic Financial Product Dept. Alternative Fund Promotion Dept. Markets & Products Administration Dept. Equity Syndication Dept. Debt Syndication Dept. Strategic Solutions Dept. Real Estate Finance Dept. Corporate Finance Solutions Dept. Financial Institution Solutions Dept. Public Sector Investment Banking Financial Institutions Investment Banking Energy & Basic Materials Investment Banking Consumer Retail Investment Banking Financial Sponsors Investment Banking Real Estate Investment Banking Infrastructure Investment Banking Technology, Media & Telecom Investment Banking Automotive & Machinery Investment Banking Investment Banking Process Control Dept. Investment Banking Administration Dept. Osaka Nishi-kujo Contact Center Osaka Contact Center Tokyo Contact Center Development Office Corporate Process Control Office Securities Development Office M&A Advisory Office Collaboration Process Control Office Group Financial Instruments Intermediary Service Operation Office Pre- opening Office for Fujisawa Sales Branch Channel Strategy Office Education & Training Office System & Regulation Management Office Trading Office Financial Institutions Sales Office Equity Swap Office Equity Finance Office Trading Monitoring Office Norinchukin Bank Debentures Office Corporate Solution Office System Planning Office Training Office Strategic Promotion Office Global Capital Markets Promotion Dept. Corporate Finance Dept. Corporate Finance & Advisory Dept. Chubu Investment Banking Dept. Mizuho Securities Co.,Ltd. General Meeting of Shareholders Audit Committee Audit & Supervisory Board Members Office Board of Directors Executive Management Committee President & CEO Internal Audit Committee Policy Committee Executive Secretariat Global Investment Banking Global Markets Retail & Banking Research & Consulting Unit Strategic Planning Group Internal Audit Group Corporate Planning Dept. Crisis Management Office Investment Banking Public & Financial Institutions Products Advisory Dept. Ⅰ~Ⅵ Syndication Fixed Income Fixed Income Sales Deptİ~Ⅱand Dept.Ⅳ Fixed Income Sales Dept.Ⅲ Derivative Trading Dept. Equity Retail Wealth Management Corporate Tokyo Corporate Services Deptİ~Ⅱ Corporate Finance Dept.Ⅰ~Ⅴ Internet & Contact Center Global Strategy Dept. Corporate Communications Dept. Administration Dept. Beijing Representative Office Shanghai Representative Office Financial Control & Accounting Group Financial Planning Dept. Group Affiliates Management Office Overseas Adminstration Office Corporate Culture & Customer Satisfaction Office Investment Education Promotion Office Strategic-shareholdings Administration Office Treasury Office Accounting Dept. Risk Management Group Risk Management Dept. Credit Risk Management Dept. Human Resources Group Human Resources Dept. Operation Training Office Corporate Coverage Dept.Ⅰ~Ⅴ Ⅶ~Ⅸ Kansai Investment Banking Dept. Ⅰ~Ⅱ Debt Capital Markets Dept.Ⅰ~Ⅲ Equity Capital Markets Dept.Ⅰ~Ⅱ IT & Systems Group IT Strategic Planning Dept. System Risk Control Dept. Retail IT Strategy Dept. Career Development Office Diversity & Inclusion Promotion Office Global Management Office Cyber Security Office Corporate IT Strategy Dept. Wholesale IT Strategy Dept. IT Infrastructure Management Dept. IT Operations Management Dept. Operations Group Process Management Dept. Tokyo Operation Center Trade Support Dept. Osaka Operation Center Settlement Control Dept. Retail Operations Dept. Corporate Support Dept. Tokyo Financial Advisors Sales Dept. Head Office Sales Dept. I Head Office Sales Dept. II Shinjuku Sales Dept. I Shinjuku Sales Dept. II Osaka Sales Dept. I Osaka Sales Dept. II Branches Sales Offices (Planet Booths) Compliance Group Compliance Dept. Retail Compliance Dept. Wholesale Compliance Dept. Trading Supervisory Dept. Customer Satisfaction Dept. Conflict Management Office Information Control Office Customer Relations Office Administration Office Inquiry Office Legal Dept. Financial ADR Office Information Security Management Dept. Security Monitoring Office