Reported 1 day ago
Sumitomo Mitsui Financial Group is aiming to enhance its collaboration with Jefferies Financial Group, exploring new areas such as equity trading to bolster its global presence. This partnership, initiated in 2021, has already improved Sumitomo Mitsui's standings in the US equity and bond markets. The CEO, Toru Nakashima, emphasizes the need to leverage Jefferies’ expertise to overcome their current weaknesses in equity underwriting, while also planning strategic expansion into markets like India to boost investment banking capabilities.
Source: YAHOO