CEO's Message

To a greater extent than ever before, success in asset management requires a strategy with a global perspective. Many investors feel that Japanese firms are poised to benefit from the strong growth in Asian countries, which is both a driver of the global economy and a promising investment opportunity. Hence, for asset managers, the ability to offer global asset management services from an Asia inc. Japan viewpoint has grown vitally important.

Daiwa SB Investments, which constitutes the core of Daiwa Securities Group and Sumitomo Mitsui Financial Group's asset management operations, offers high quality services and stable investment returns, while aspiring to achieve clients' lasting confidence.

In addition to the work of many years nurturing the trust of our clients and building a successful track record through consistent application of our investment philosophy and management style, we have established a growing presence on the international stage through the development of a global management and research framework centred around our alliance with US investment management firm T. Rowe Price.

Based on our business objective of providing "Top in Quality", our staff of highly trained professional are committed to ensuring that we maintain our global recognition as a world-class Japanese asset management company. Daiwa SB Investments will always be a company upon which clients can depend.

Masami Tada

President
and CEO