News Releases
ブックメーカーおすすめ 
Organizational Revision of SMFG and SMBC(1/1)
Sumitomo Mitsui Financial Group, Inc
Sumitomo Mitsui Banking Corporation
Organizational Revision of SMFG and SMBC
Specifics of the organizational
revision are as follows:
<Organizational
Revision of SMFG>
Organizational
Integration after Listing on NYSE
Following the listing
on the New York Stock Exchange (NYSE) in November 2010, SMFG will merge
Strategic Financial Planning ブックメーカーおすすめ, which promoted the preparation process
for the listing and is
responsible for financial reporting in accordance with U.S. Securities and
Exchange Commission's regulations, and Financial Accounting ブックメーカーおすすめ, which is responsible for financial
reporting under Japanese accounting standards, into a new Financial
Accounting ブックメーカーおすすめ.
<Organizational
Revision of SMBC>
1. Enhancement of Global
Business Promotion
(1) Reorganization to
reinforce Japanese business in Greater China
To promote business in
overseas markets with Japanese corporations, SMBC will restructure its
organization.
Specifically, for the
purpose of capturing active business flows in the Greater China area (*) where
economic integration is progressing, the functions of planning businesses with
Japanese corporate customers at Hong Kong Branch and Taipei Branch will be
transferred to Planning ブックメーカーおすすめ, Corporate Banking Unit & Middle
Market Banking Unit. The ブックメーカーおすすめ will plan, promote and manage business
with Japanese corporations in the Greater China area, together with Sumitomo
Mitsui Banking Corporation (
(*) Mainland
(2) Establishment of
Global Business Strategy ブックメーカーおすすめ, International Banking Unit
Global Business
Strategy ブックメーカーおすすめ, International Banking Unit will be established within
Planning ブックメーカーおすすめ, International Banking Unit, aiming to enhance initiatives
in emerging countries with greater growth prospects and to plan global business
strategies and investment/alliance strategies focusing on those countries.
(3) Establishment of
International Banking ブックメーカーおすすめ, Europe Division and Latin Americas Marketing
ブックメーカーおすすめ,
International Banking ブックメーカーおすすめ, Europe DivisionandLatin Americas
Marketing ブックメーカーおすすめ within Specialized Finance ブックメーカーおすすめ, Americas
Division will be established in Europe and in the Americas, respectively,
aiming to enhance business with local and multinational corporations in
emerging countries in the regions (please see “Note” below).
The new departments will promote business proactively in
the regions, cooperating with Global Business Strategy ブックメーカーおすすめ,
International Banking Unit.
(Note)International Banking ブックメーカーおすすめ, Europe Division is
scheduled to be established in June 2011.
(4) Establishment of
Global
Global Korea Corporate Banking ブックメーカーおすすめ will be established
within Seoul Branch to enhance business with globally active Korean
corporations.
By managing business with major Korean corporations
cross-regionally, SMBC will promote initiatives to enhance business with them
in a more integrated manner.
2. Fortification of Headquarter Functions and Improvement
of Efficiency
(1) Organizational change
after listing on NYSE
SMBC will merge Strategic Financial Planning ブックメーカーおすすめ
and Financial Accounting ブックメーカーおすすめ into a new Financial Accounting ブックメーカーおすすめ.
(2) Establishment of
Retail Human Resources ブックメーカーおすすめ
Retail Human Resources ブックメーカーおすすめ will be established
within Planning ブックメーカーおすすめ, Consumer Banking Unit, aiming to manage human
resources within the unit more strategically and flexibly and to strengthen SMBC’s ability to respond to more sophisticated and
diversified needs of individual customers.
(End)
