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Jefferies Financial Group Appoints SMFG's Toru Nakashima to Board of Directors

Author

Slice of Finance Team
15 Aug

Key Highlights:

  • Toru Nakashima, President of SMFG, joins Jefferies' Board of Directors.

  • SMBC increases its economic ownership in Jefferies to 10.9%.

  • Strategic alliance between Jefferies and SMBC continues to strengthen.

Source (Business Wire)

Notable Quotes:

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"We are honored to welcome Nakashima-san to our Board of Directors. The appointment of Nakashima-san will bring to our Board the added value of his unique experience, insight, and relationships to Jefferies."

Rich Handler, CEO at Jefferies
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"Personally, I am very enthusiastic about joining the Jefferies Board and helping to support Jefferies’ leadership. I look forward to working closely with the Board, Rich, Brian, and the Jefferies team as we continue to serve all our global clients well into the future."

Toru Nakashima, President and CEO at SMFG

Our Take:

The appointment of Toru Nakashima to Jefferies' Board is a significant move that further solidifies the strategic alliance between Jefferies and SMBC Group. This alliance, which has already created substantial opportunities, is poised for even greater achievements with Nakashima's expertise and leadership. As SMBC increases its stake in Jefferies, the collaboration between these two financial powerhouses is set to drive value creation for their global clients and stakeholders. This appointment is a clear signal of the deepening ties and shared vision between these institutions.