🍀Memorandum of Understanding on the Merger between Sumitomo Mitsui Asset Management Company, Limited and Daiwa SB Investments Ltd.
Sumitomo Mitsui Financial Group, Inc. (Sumitomo Mitsui Financial Group; President & Group
CEO: Takeshi Kunibe), Daiwa Securities Group Inc. (Daiwa Securities Group; President and
CEO: Seiji Nakata), Mitsui Sumitomo Insurance Company, Limited (Mitsui Sumitomo
Insurance Company; President and CEO: Noriyuki Hara), and Sumitomo Life Insurance
Company (Sumitomo Life Insurance Company; President & Chief Executive Officer: Masahiro
Hashimoto) have concluded a memorandum of understanding(MOU) today regarding the
merger of Sumitomo Mitsui Asset Management Company, Limited (SMAM; President & CEO:
Takashi Matsushita) and Daiwa SB Investments Ltd. (Daiwa SB Investments; President & CEO:
Masaaki Goto). The said merger is subject to the approval of regulatory authorities.Daiwa Securities Group Inc.