UPDATE 1-Japan bank SMFG names finance chief Ota as CEO [Reuters (UK)]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Reuters
UPDATE 1-Japan bank SMFG names finance chief Ota as CEO | Reuters 2 Min Read * Management change takes place in April * Ota is currently finance and strategy chief * CEO Kunibe to become chairman (Recasts with announcement) By Taiga Uranaka TOKYO, Dec 14 (Reuters) - Sumitomo Mitsui Financial Group (SMFG) Inc on Friday named finance head Jun Ota as chief executive of Japan’s third-largest lender. Ota, 60, has widely been seen as successor to CEO Takeshi Kunibe, who will become chairman. The change will take place in April, SMFG said in a statement on Friday. The smallest of Japan’s three mega banks with 207 trillion yen ($1.82 trillion) in assets, SMFG is the most profitable as measured by return on equity, due in part to an emphasis on higher-margin borrowers such as small and mid-sized businesses. Ota joined Sumitomo Bank in 1982, which became SMFG through a merger. Most recently, he has been both finance and strategy chief, a double role seen as being groomed for the top job. ($1 =
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SMFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SMFG's page on the SEC website