Sumitomo Mitsui Hires Barclays Private Bankers
Sumitomo Mitsui Financial Group Inc. will hire about 20 private bankers from Barclays in Japan as both companies end a six year collaboration and the bank has scaled down its wealth management activities in Japan.
The bankers will now join Sumitomo Mitsui Financial brokerage unit, SMBC Nikko Securities Inc and it is estimated that they will pay as much as 12 billion yen to Barlcays to terminate the partnership.
News Source: Bloomberg
About Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group (SMFG) was established through a share transfer from Sumitomo Mitsui Banking Corporation in December 2002. The companies of SMFG offer a diverse range of financial services, centered on banking operations, and including credit card services, leasing, information services, and securities.
- Origin:Tokyo, Japan
- Assets:¥9.753 trillion
- Revenue:¥3.073 trillion
Official Website: http://www.smfg.co.jp/english/
News & Media: Press Release
Updated on 8th August 2016