Lhamsuren Sharavdemberel

Goldman Sachs Japan Co., Ltd. (GSJCL) is the Japan-based broker-dealer subsidiary of Goldman Sachs (Japan) Ltd., ultimately held by The Goldman Sachs Group, Inc. (NYSE: GS) in the US. The firm originated in 1974 and was formally founded in 1983. Headquartered in Tokyo, GSJCL offers Internet-based transaction services covering equity, debt, commodities and derivatives to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals.

BlackRock Japan Co., Ltd. is the Japan-based investment advisory subsidiary of BlackRock Japan Holdings GK, headquartered in Tokyo. The firm was founded in 1988 and is ultimately held by BlackRock, Inc. (NYSE: BLK) in the US. BlackRock Japan merged with Barclays Global Investors Japan Co., Ltd. (BGI) in 2009. The resulting firm combines BlackRock's focus on actively managed funds with the former BGI's strength in index and exchange-traded funds. BlackRock Japan provides investment advisory services, manages Japanese investments, and contributes local specialist insight to Blackrock's range of funds, particularly the iShares tracker ETFs. Their clients are pension funds, governments, insurance companies, public institutions, funds, foundations, charitable organizations, operating companies, banks, government funds, asset management companies, and individual investors around the world.

Credit Suisse Securities Japan Ltd. (CSS Japan) is the Japanese securities brokerage subsidiary of Credit Suisse AG, which is owned by Credit Suisse Group AG (SWX: CSGN; NYSE: CS) in Switzerland. The firm was founded in 1985 as First Boston Securities Tokyo. It subsequently became CS First Boston Securities in 1989 and Credit Suisse First Boston in 1996. In 2006, they began operating as Credit Suisse Securities Japan Ltd. Headquartered in Tokyo, CSS Japan performs underwriting, research, sales and trading of government and corporate bonds, foreign exchange, securitized products and real estate-related assets for institutional clients, corporations and government bodies. In addition, the firm offers sales, trading, research, financing, prime brokerage and market-making in Japanese and international equity and equity-related securities, options, futures, risk management and hedging products.

Part of Daiwa Securities Group, Inc., Daiwa Institute of Research Ltd. conducts economic research and provides financial and investment advisory services. The company is based in Tokyo, Japan. The Japanese company was founded in 2008. Yoriyuki Kusaki has been the CEO of the company since 2016.