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Sumitomo Mitsui Eyes Deepening Jefferies Tieup in Global Push [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is looking to expand its alliance with Jefferies Financial Group Inc., possibly working together in new areas such as equity trading to build up its global business, according to the bank's chief executive officer. Most Read from Bloomberg Ho Chi Minh City Opens First Metro Line After Years of Delay Under the collaboration that started in 2021, Japan's second-biggest lender has worked with Jefferies to compete in the US financial markets. The focus so far has been on ramping up underwriting of new stocks and bonds as well as advising on deal making. Now Toru Nakashima, Sumitomo Mitsui's CEO, is considering whether the two firms can also join forces in the share market. “Except for Japanese stocks, we are weak in equities and it will take a lot of work to build up equity trading from scratch,” he said in an interview. “So, I am wondering if there are ways to use Jefferies' platform.” Sumitomo Mitsui has been working to enla Show less Read more
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