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Top related persons:
Ohta - 2 Jun Ohta - 1 Kim Kyung - 1 Japan's - 1 Toru Nakashima - 1 Mariko Katsumura - 1 Rocky Swift - 1 Kim Coghill - 1
Top related locs:
Japan Tokyo SMFG MUMBAI U.S
Top related orgs:
Mitsubishi UFJ Financial - 2 Thomson - 2 Sumitomo Mitsui Financial Group Inc - 1 REUTERS - 1 Rights - 1 Sumitomo Mitsui Financial Group - 1 Sumitomo Bank - 1 Keidanren - 1

Search resuls for: "Jun Ohta"


4 mentions found


☆ Japan's Sumitomo Mitsui Financial Group CEO dies at 65
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
Sumitomo Mitsui Financial Group Inc (SMFG)'s new chief executive Jun Ohta attends a news conference in Tokyo, Japan, December 14, 2018. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Nov 27 (Reuters) - Sumitomo Mitsui Financial Group (SMFG) (8316.T) on Monday said group CEO Jun Ohta died on Nov. 25 aged 65 of pancreatic cancer. Japan's second-biggest lender after Mitsubishi UFJ Financial Group (8306.T) said it plans to announce a successor in the near future as soon as an appointment is made. Ohta joined The Sumitomo Bank, a predecessor of SMFG, in 1982 and rose to group CEO in April 2019. Ohta recently sought to expand SMFG's footprint in overseas markets through an alliance with U.S. investment bank Jefferies Financial Group (JEF.N).
Persons: Jun Ohta, Kim Kyung, Japan's, Toru Nakashima, Ohta, Mariko Katsumura, Rocky Swift, Kim Coghill, Christopher Cushing Organizations: Sumitomo Mitsui Financial Group Inc, REUTERS, Rights, Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial, Sumitomo Bank, Keidanren, Jefferies Financial, Thomson Locations: Tokyo, Japan, SMFG
☆ Morgan Stanley and MUFG’s next act is well-timed
  + stars: | 2023-07-19 | by ( Una Galani | ) www.reuters.com   time to read: +3 min
Morgan Stanley (MS.N) and the $94 billion Mitsubishi UFJ Financial (8306.T) are tapping deeper into a good thing at the right time. As well as collaborating on foreign exchange trading, Morgan Stanley and MUFG will now integrate the institutional Japan equities business by consolidating research and institutional sales into Morgan Stanley’s joint venture entity. It’s a bright backdrop for Morgan Stanley and MUFG’s partnership. Follow @ugalani on TwitterCONTEXT NEWSMorgan Stanley and Mitsubishi UFJ Financial on July 18 announced plans to deepen their 15-year alliance, including in foreign exchange trading and in Japanese research and equities businesses for institutional clients. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Morgan Stanley, MUFG, James Gorman, Ohta, Morgan, isn’t, Morgan Stanley’s, Antony Currie, Thomas Shum Organizations: Reuters, Wall, Mitsubishi UFJ, MUFG, Sumitomo Mitsui Financial, Jefferies, Tokyo Stock Exchange, Mitsubishi UFJ Financial, Thomson Locations: MUMBAI, U.S, Japan
☆ Sumitomo triples down on Jefferies at right time
  + stars: | 2023-04-28 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
MELBOURNE, April 28 (Reuters Breakingviews) - Jun Ohta may have preferred to catch a bigger Wall Street fish. But the CEO of Japan’s Sumitomo Mitsui Financial Group (8316.T) is expanding his relationship with relative minnow Jefferies (JEF.N) at an opportune moment. The $56 billion SMFG also intends to increase its ownership of the $7.6 billion company run by Richard Handler to 15% by purchasing ordinary shares that it will convert into preferred stock. Slumping deal flow after what Jefferies called an “off-the-charts” 2021 prompted its earnings to more than halve last year. SMFG will buy common stock on the open market and then convert it into non-voting preferred stock.
☆ Japan lender Sumitomo Mitsui reports 8% increase in Q2 net profit
  + stars: | 2022-11-14 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
TOKYO, Nov 14 (Reuters) - Sumitomo Mitsui Financial Group Inc (8316.T), Japan's second-largest bank, on Monday reported an 8% increase in second-quarter net profit and raised its profit outlook as improved economic conditions have boosted lending. Sumitomo Mitsui posted a profit of 272.99 billion yen ($1.96 billion) in the July-September period versus 252.8 billion yen a year earlier, according to Reuters' calculations based on six-month cumulative figures disclosed in a stock exchange filing. For the full year through March, Sumitomo Mitsui revised its profit forecast to 770 billion yen from 730 billion yen, compared with the 753 billion yen average estimate of 13 analysts compiled by Refinitiv. Sumitomo Mitsui said demand for loans remained solid in Japan and in the United States. The lender also said it would buy back up to 4.4% of its own shares, worth up to 200 billion yen.
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