SMBC Nikko Securities Inc.’s planned integration with Jefferies Financial Group Inc. will likely go beyond just bringing together their equity businesses, with ties also possible in other investment banking areas, its chief executive officer said.
The Tokyo-based securities firm is considering collaborating in businesses including debt capital markets and advising on mergers and acquisitions, said Shuji Yoshioka, CEO of the brokerage unit of Sumitomo Mitsui Financial Group Inc. SMFG last month unveiled plans for a joint venture with Jefferies, targeting January 2027 as its starting date.
Shuji Yoshioka
Source: Bloomberg
“We want to deepen our collaboration with Jefferies,” Yoshioka ...
