SMFG brings in Nomura exec as latest outside hire ahead of Jefferies venture

Once insular Japanese banks look outward for talent to compete globally SMBC parent Sumitomo Mitsui Financial Group is branching out beyond corporate banking. (Photo by Shintaro Ino) TOKYO — Sumitomo Mitsui Financial Group is hiring more senior managers from outside the company, part of a broader trend in Japanese banking to grow beyond traditional lending.

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