Masayoshi Yoshihara

Citigroup Global Markets Japan, Inc. (CGM-JP) is a wholly-owned broker/dealer subsidiary of Citigroup Japan Holdings GK, ultimately held by Citigroup, Inc. (NYSE: C) in the US. Previously known as Nikko Citigroup Ltd., the firm was founded in 1999 as a joint venture between US-based Citigroup and Nikko Securities, based in Japan. Headquartered in Tokyo, CGM-JP provides brokerage services to governmental institutions, financial institutions, multinational corporations and institutional investors. Their sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products including equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance and securitized markets.

UBS Securities Japan Co. Ltd. (UBSSJ) is a brokerage firm headquartered in Tokyo, Japan. The firm was founded in 1998 and is a subsidiary of UBS AG, which is owned by UBS Group AG (SWX: UBSG, NYSE: UBS) in Switzerland. UBSSJ provides execution services to corporations, institutional investors, governments, financial institutions, and asset management companies in Japan.