Sumitomo Mitsui Financial Group Related Content

Jefferies and SMBC Broaden Joint Business Efforts Across EMEA

Jefferies Financial Group and SMBC Group signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa on future corporate and investment banking business opportunities. read more

American Industrial Transport Completes Acquisition of SMBC Rail Services

American Industrial Transport, an affiliate of ITE Management, completed the acquisition of certain of the railcar assets and operations formerly owned by rail leasing company SMBC Rail Services. read more

SMFG Director President and Group CEO Ohta Passes Away

Jun Ohta, director president and group CEO of Sumitomo Mitsui Financial Group, passed away on Nov. 25 at the age of 65. Toru Nakashima, deputy president and executive officer for SMFG, has taken over Ohta’s duties until SMFG selects a permanent successor. read more

ITE Management Affiliate to Acquire SMBC Rail Services

An affiliate of ITE Management, an investment firm specializing in industrial transportation assets and infrastructure, agreed to acquire rail leasing company SMBC Rail Services from SMBC Americas Holdings, a member of Sumitomo Mitsui Financial Group. read more

SMBC Group Appoints Former Unilever CEO to Global Advisor Role

Sumitomo Mitsui Financial Group (SMBC Group) appointed Paul Polman, the former CEO of Unilever, to the role of SMBC Group global advisor. read more

Japanese Banks Bid on GE’s Local Commercial Finance Operations

The Wall Street Journal reported several Japanese megabanks submitted nonbinding bids for GE's Japanese commercial finance operations, which are expected to several billion dollars. read more

WSJ: Sumitomo Mitsui Interested in GE’s Rail Business

The Wall Street Journal reported that Sumitomo Mitsui Financial Group is interested in GE’s U.S. railcar leasing business, which could be worth $4 billion. read more

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