Based in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) stands as a prominent global financial institution and an essential entity within Sumitomo Mitsui Financial Group (SMBC Group). Recognized as one of Japan’s largest banks by assets, SMBC boasts total assets exceeding ¥238,700 billion. It maintains robust credit ratings throughout its integrated network, which encompasses 39 territories and countries, including 15 within the region.
The Singapore Connection
In 2023, SMBC commemorated its 60th-year milestone in Singapore since establishing its presence as a full commercial bank. Currently, the organization employs over 1,300 individuals in Singapore, serving as the location for SMBC’s Asia Pacific headquarters, facilitating seamless connections and access to, from, and within the region. With a rich history spanning over 400 years in supporting customers’ journeys and success as part of SMBC Group and six decades of operation in Singapore, the institution looks forward to achieving further milestones alongside its personnel, the local community, and customers.
Leadership – Sumitomo Mitsui Banking Corporation (SMBC)
SMBC Group garners consistent recognition as a finance industry leader, attributed to its exceptional service and growth. The foundation of the organization lies in its relationships, rooted in trust. Guided by a principled leadership team dedicated to upholding the values integral to its establishment and simultaneously embracing contemporary innovation, the institution spearheads efforts toward prosperity and shapes the future landscape of finance.
Executive Management Committee
- Hirofumi (Hiro) Otsuka: Chief Executive Officer, SMBC Americas Division and President and Chief Executive Officer of SMBC Americas Holdings, Inc.
- Carl Adams: Head of Structured Debt
- Katsuyuki Kubo: Chief of Staff, Chief Operating Officer
- Katsuya Fujita: Head of Sales and Trading
- Richard Eisenberg: Co-Head of Coverage & Capital Markets
- Scott Ashby: Co-Head of Coverage & Capital Markets
- Bungo Miura: Chairperson, SMBC Nikko Securities America, Inc.
- Akihiro Kawara: President, SMBC Capital Markets, Inc.
- Rick Davison: Chief Financial Officer
- Yosuke (Dean) Uemura: Chief Risk Officer
- Scott Flood: General Counsel
- Lisette Lieberman: Chief Compliance Officer
- Robin Milberg: Chief Human Resources Officer
- John Nolan: Chief Audit Executive
- Gordon (Gordo) Wilson: Chief Information Officer
- W. Todd Rendo: Head of Operations
- Kylie Watson: Chief Information Security Officer
- Osamu Yagi: Head of the Strategic Planning Department
- Tomohiro Yamazaki: Head of Governance Planning Department
Products and Services Offered by SMBC
The evolution of SMBC’s products and services is fueled by the evolving needs of companies worldwide across various industry sectors. SMBC maintains market-leading positions and enjoys consistent recognition in the banking industry for delivering exceptional financial services. The establishment of corporate relationships hinges on trust. Clients rely on SMBC to navigate the uncertainties of the global economy effectively while also seizing emerging opportunities. The institution adopts a long-term perspective, prioritizing stability, meticulous attention to financial metrics, and innovation, thus ensuring the success of its clients. The products and services offered by SMBC include:
- Loan syndication
- Sustainable finance
- Project and export finance
- Transaction banking
- Yen clearing
- Structured trade finance
- Treasury solutions
- Custody and security services
- Maritime asset, shipping, and aviation finance
- M & A and sponsor finance
- Islamic finance
- Real estate finance
- M & A advisory
- Securitization and structured debt financing
- Gateway to Japan
- Credit rating advisory.
SMBC Stock – An Insight
| OPEN $44.50 |
DAY RANGE 43.96 – 44.71 |
| 52 WEEK RANGE 30.28 – 55.45 |
MARKET CAP $500.68M |
| SHARES OUTSTANDING 11.36M |
PUBLIC FLOAT 9.47M |
| BETA 0.96 |
REV. PER EMPLOYEE $354.43K |
| P/E RATIO 11.52 YIELD 1.91% |
EPS $3.83 DIVIDEND $0.21 |
| EX-DIVIDEND DATE Feb 14, 2024 |
SHORT INTEREST 62.32K 01/31/24 |
| % OF FLOAT SHORTED 0.66% |
AVERAGE VOLUME 27.03K |
Performance
- 5 Day – 0.38%
- 1 Month – 12.49%
- 3 Month – 2.56%
- YTD – 17.42%
- 1 Year – 8.55%
SMBC – Related News
SMBC Appoints Sandeep Chopra as Head of Corporate Coverage for India
6 December 2023: Sumitomo Mitsui Banking Corporation (SMBC) announced Sandeep Chopra as the Head of Corporate Coverage in India. Based in Mumbai, Sandeep undertakes the responsibility of overseeing SMBC’s corporate banking client coverage teams based in India, with an emphasis on optimizing portfolio expansion. Directly accountable to Rakesh Garg. Rakesh Garg is the Chief Business Officer of SMBC India. With nearly thirty years of experience in corporate and institutional banking, Sandeep brings an array of skills to his new position, acquired through his tenure at institutions like The Royal Bank of Scotland and DBS Bank India.
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SMBC Strengthens Private Credit Distribution in Asia Pacific
7 December 2023: Sumitomo Mitsui Banking Corporation (SMBC) has named Yew Chuan Sim as the Head of Private Credit Distribution for Asia Pacific within its Loan Capital Markets Department. This appointment underscores SMBC’s dedication to bolstering and broadening its specialized lending origination and distribution capabilities across the region. Yew Chuan, stationed in Singapore, will lead the bank’s distribution initiatives in the Asia Pacific region in conjunction with the recently formed structured credit team. Their primary objective will revolve around providing customized debt solutions to financial sponsors, corporations, and ultra-wealthy customers throughout the Asia Pacific area.
SMBC Successfully Closes First Aircraft Finance Lease Deal
20 Dec 2023: SMBC concluded a USD120 million aircraft-secured debt facility through its Singapore Branch, marking its inaugural venture into aircraft finance leasing. The funds were allocated to facilitate the acquisition of an A350-900 aircraft delivered by Airbus to Air India. In this transaction, SMBC served as the exclusive bank, collaborating with Air India’s wholly-owned subsidiary in Gujarat International Finance Tec-City (GIFT City), AI Fleet Services Ltd. This initiative aligned with Air India’s order of 470 aircraft placed earlier in the year. Furthermore, Air India provided the equity component for the aircraft.
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