Sumitomo Mitsui Financial Group lans to persist with its overseas expansion by boosting headcount and seeking acquisitions even as the coronavirus clouds the profit outlook for Japan’s second-largest bank Sumitomo Mitsui Financial Group Inc.
plans to persist with its overseas expansion by boosting headcount and seeking acquisitions even as the coronavirus clouds the profit outlook for Japan’s second-largest bank.
The lender aims to add 500 staff overseas over the next three years, while reducing domestic headcount by 6,500 during the same period, a senior bank official said.
It’s looking for opportunities to buy boutique mergers advisory firms in developed markets, the official said, asking not to be identified due to internal policy.