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[Sumitomo Mitsui Financial Group, Inc.]Sumitomo Mitsui Financial Group Obtains Financial Holding Company Status in the United States(1/1)
Sumitomo Mitsui
Financial Group,
Inc.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Financial Group Obtains
Financial Holding Company Status in the
Tokyo,
May 8, 2013 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”; President: Koichi
Miyata) and Sumitomo Mitsui Banking Corporation (President: Takeshi Kunibe) have received notification from the Board of
Governors of the Federal Reserve System that our elections to become Financial
Holding Companies (“FHC”) under the U.S. Bank Holding Company Act are effective
as of May 7, 2013.
SMFG
has, to date, engaged in investment banking and securities business in the
SMFG
plans to implement numerous initiatives in the near future, including the
underwriting of bonds by its subsidiaries, to further enhance the services
offered to clients in the