Managing Director of Cerberus Japan K.K

Mr. Hagiwara joined Cerberus in 2004. Prior to joining Cerberus, Mr. Hagiwara spent approximately seven years, from 1996 to 2004, with RECOF, an independent Tokyo-based M&A boutique firm, where he was responsible for M&A transactions, predominantly relating to financial institutions and retail companies. Mr. Hagiwara is a graduate of the University of Tokyo and he received an MBA from the University of Michigan. Mr. Hagiwara is a Certified Public Accountant in Japan.