MADRID, 27 Nov. (EUROPA PRESS) –
Sumitomo Mitsui Financial Group (SMFG), Japan’s second largest lender, reported this Monday of the death on November 25 at the age of 65 of Jun Ohta, president and CEO of the entity.
The financial group has announced that Toru Nakashima, vice president and vice CEO, has assumed management duties on an interim basis, while SMFG selects a successor in accordance with the appropriate procedure.
Ota joined Sumitomo Bank in 1982 and after holding various positions of responsibility in the entity, he assumed the reins of the group in 2019, leading the expansion of the firm.
In this sense, last April Sumitomo Mitsui Banking Corporation (SMBC) agreed to expand its strategic alliance with Jefferies Financial Group, increasing the Japanese company’s participation in the American investment firm to 15% from the 4.5% it maintained. since 2021.
