March 26, 2013

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Banking Corporation

 

 

 

Organizational Revision of SMFG and SMBC

 

 

 

Tokyo, March 26, 2013 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Koichi Miyata) and Sumitomo Mitsui Banking Corporation (SMBC, President: Takeshi Kunibe) today announced changes to the organizational structure of SMFG and SMBC as below, effective April 1, 2013.

 

1.       International ブックメーカーおすすめ

(1)     Strengthen ブックメーカーおすすめ in emerging markets (SMBC and SMFG)

“Emerging Markets ブックメーカーおすすめ Division” will be newly established within International Banking Unit of SMBC to develop ブックメーカーおすすめ strategies and plans for further intensifying our commitment to emerging markets, including the fast growing Asia, and steadily developing the commercial banking ブックメーカーおすすめ with Asia as our home market.

“Global ブックメーカーおすすめ Planning Department” will be newly established within SMFG to strengthen collaboration between group companies on international ブックメーカーおすすめ, mainly in emerging markets.

(2)     Strengthen overseas transaction banking ブックメーカーおすすめ (SMBC)

The structure for promoting overseas transaction banking ブックメーカーおすすめ, including ancillary financing, mainly in Asia where commercial flows are increasing in step with the economic development of the region, will be strengthened as below.

(a)     Global Transaction Banking Department, formerly a sub-department of Electronic Commerce Banking Department and in charge of managing cross-border cash management and settlement related businesses, will become an independent department; and the name of Electronic Commerce Banking Department will be changed to “Transaction Banking Department.”

(b)    “Global Supply Chain Finance Department” will be newly established within Global Trade Finance Department.

 

2.       Domestic retail ブックメーカーおすすめ

(1)     Strengthen bank-securities collaboration (SMBC)

“Securities ブックメーカーおすすめ Collaboration Planning Department” will be newly established within Consumer Banking Unit in order to further strengthen collaboration between SMBC and SMBC Nikko Securities Inc. in asset management services for retail clients.

We will further enhance the products and services offered through the bank-securities collaboration by testing and verifying new bank-securities collaboration models, mainly by the new department.

(2)     Concentration of head-office functions for asset succession related ブックメーカーおすすめ (SMBC)

The head-office functions related to asset-succession planning ブックメーカーおすすめ will be strengthened and concentrated in Private Advisory ブックメーカーおすすめ Department in order to accommodate such needs of ブックメーカーおすすめ owners and retail clients in an integrated manner.

Specifically, the functions of Wealth Management Department related to advising retail clients on wealth succession and testamentary trust planning will be transferred to Private Advisory ブックメーカーおすすめ Department which advises ブックメーカーおすすめ owners on ブックメーカーおすすめ succession planning.

Further, “Testamentary Trust Department” will be newly established within Private Advisory ブックメーカーおすすめ Department and functions related to testamentary trust planning will be concentrated in the department as the ブックメーカーおすすめ requires tailored client support by highly expert staff.

As a result, Wealth Management Department will be abolished and its functions related to asset management consulting will be transferred to Financial Consulting Department.

 

3.       Domestic corporate banking ブックメーカーおすすめ

(1)     Restructure and strengthen corporate advisory functions (SMBC)

Corporate Advisory Division in charge of advisory ブックメーカーおすすめ will be restructured　to comprise three advisory departments, “Advisory Department I – III”, and “Corporate Research Department”, and experienced staff with expert knowledge of industries will be concentrated in these departments. Advisory Department I - III will each conduct advisory ブックメーカーおすすめ specializing in certain industries, and Corporate Research Department will conduct research on industries and individual companies. Further, overseas representatives will also be deployed by Advisory Department I – III to build up knowledge on a global basis.

Under the new structure, we will further enhance our research and solution providing capabilities and strengthen our ability to support the strategy planning of large companies from the early stage.

(2)     Concentration of support functions for banking offices (SMBC)

Banking office support functions related to developing total solutions to ブックメーカーおすすめ restructuring and financial products and services needs of our corporate clients, mainly to medium-sized companies and small and medium-sized enterprises (SME), will be transferred from Corporate Advisory Division and ブックメーカーおすすめ Promotion & Solution Department to a newly established department, “Strategic Corporate ブックメーカーおすすめ Department,” straddling Corporate Banking Unit and Middle Market Banking Unit, in order to more effectively accommodate such needs.

Further, ブックメーカーおすすめ Promotion & Solution Department will be abolished and its functions related to managing operations of banking offices will be transferred to Planning Department, Corporate Banking Unit & Middle Market Banking Unit.

(3)     Strengthen capability to respond effectively to financing needs of SME (SMBC)

“Corporate Financial Consulting Office” will be newly established within Financial Development Office and functions related to supervising and supporting banking offices on facilitating financing to SME will be transferred to the new department from Credit Monitoring Departments of Credit Department I and Credit Department II, Middle Market Banking Unit, in order to offer even more tailored financial services to SME clients after the expiration of the SME Financing Facilitation Act.

Credit Monitoring Departments will be abolished and their remaining functions will be integrated into Credit Departments.

(4)     Framework for assessing medium- to long-term corporate ブックメーカーおすすめ strategies (SMBC)

“Corporate ブックメーカーおすすめ Strategy Planning Department” will be newly established within Planning Department, Corporate Banking Unit & Middle Market Banking Unit to assess our corporate ブックメーカーおすすめ from a medium- to long-term perspective.

 

4.       Strengthen other ブックメーカーおすすめ planning functions and internal control functions

(1)     Strengthen planning and management functions related to securities ブックメーカーおすすめ (SMBC and SMFG)

Securities ブックメーカーおすすめ Planning Department, a sub-department of Planning Department, Investment Banking Unit (“PDIVB”), will become an independent department within Corporate Staff Unit and renamed “Securities ブックメーカーおすすめ Department,” and asset management related ブックメーカーおすすめ, which is high compatible with securities ブックメーカーおすすめ, of Strategic Products Department, the other sub-department of PDIVB, will be transferred to Securities ブックメーカーおすすめ Department in order to strengthen the planning and management functions related to securities ブックメーカーおすすめ and intensify the bank-securities collaboration at both retail and wholesale levels. Strategic Products Department will be abolished and its remaining functions will be integrated into PDIVB.

Investment Banking Planning Department of SMFG will be renamed “Securities ブックメーカーおすすめ Department,” in order to plan and manage securities related ブックメーカーおすすめ of SMBC and SMFG in an integrated manner.

(2)     Strengthen credit screening capability (SMBC)

Structured Finance Credit Department, Investment Banking Unit will become a sub-department of Corporate Credit Department in order to further enhance the overall level of our credit screening capability by strengthening cooperation between relevant departments on screening individual companies and credit structures.

(3)     Strengthen IT planning support (SMBC)

IT ブックメーカーおすすめ Strategy Planning Department, a sub-department of IT Planning Department, will be abolished and its functions will be transferred to IT Planning Department in order to further strengthen and more effectively support the IT planning of ブックメーカーおすすめ units.