SMBC Group appoints Paul Burke to lead new Capital Solutions Group

  • Stock Market News
SMBC Group appoints Paul Burke to lead new Capital Solutions Group
Credit: © Reuters.

NEW YORK - Sumitomo Mitsui (NYSE: SMFG ) Banking Corporation (SMBC) has announced the appointment of Paul Burke as the head of its newly established Capital Solutions Group in New York, a move aimed at reinforcing the bank's balance sheet strategies and fostering growth across the Americas.

Burke, a professional with over 20 years of experience, transitions from his previous role at Morgan Stanley (NYSE: MS ). The Capital Solutions Group under Burke's leadership will concentrate on optimizing balance sheet and capital for financial and sponsor clients. This initiative is in line with SMBC's strategic objectives to expand its presence and services in the Americas. Hirofumi Otsuka, a senior figure at SMBC, expressed confidence in Burke's ability to steer the group towards achieving these goals, highlighting his distinguished background in the financial sector.

As part of the Sumitomo Mitsui Financial Group , Inc., the company is traded on several international exchanges, including the Tokyo and New York Stock Exchanges. The group's range of financial services encompasses banking, securities, credit cards, and consumer finance.

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