Masamichi Sato

Daiwa Asset Management (H.K.) Ltd. (Daiwa AM-HK) is the Hong Kong-based asset management subsidiary of Daiwa Asset Management Co., Ltd., which is wholly-owned by Daiwa Securities Group, Inc. (TYO: 8601), a securities group headquartered in Japan. Founded in 1988, Daiwa AM-HK provides investment advisory services only to fund portfolios they specified.

Daiwa Asset Management Co. Ltd. is the wholly-owned asset management subsidiary of Daiwa Securities Group, Inc. (TYO: 8601, ADR: DSEEY) in Japan. Founded in 1959, the firm is headquartered in Tokyo and manages investment trusts for private investors and provides investment advisory and discretionary asset management for institutional investors and overseas asset management companies. Daiwa Asset Management is a signatory of the Principles for Responsible Investment (UNPRI).