Tokai Tokyo Financial Holdings Inc. said May 21 that it appointed Tsunehiro Nakayama as an outside director.

Meanwhile, Masato Setta resigned as an outside director on its board.

Unit Tokai Tokyo Securities Co. Ltd. said the same day that Rintaro Tamaki was named an outside director and that Tokuichi Okaya will step down as outside director.

The appointments and resignations are effective June 28.