Shinsei Bank, Limited announced that the board of directors has internally approved the replacement of the bank's representative director. It should be noted that these changes will be made official following the 15 Annual General Meeting of Shareholders, currently scheduled for June 2015, and the meeting of the Board of Directors scheduled to be convened afterwards. Based on this information Mr. Shigeki Toma has resigned as representative director, president and CEO.

Current managing executive officer, chief risk officer and head of risk management group, Mr. Hideyuki Kudo, has been appointed as representative director, president and CEO. Date of changes is the day of the 15 annual general meeting of shareholders, scheduled for June 2015. Shinsei Bank aims to achieve three major goals in its Second Medium-Term Management Plan which is running from fiscal year 2013 to fiscal year 2015: establish a unique business base; increase revenues and further improve financial fundamentals; and, become a financial group appreciated by customers and valued by society and markets.