SMBC Hires Paul Burke to Lead New Capital Solutions Group

Rhea-AI Summary

Sumitomo Mitsui Banking Corporation (SMBC) announced that Paul Burke has joined the firm to lead a newly created Capital Solutions Group. Based in New York, Paul will work across the SMBC Americas Division banking businesses to evolve balance sheet optimization strategies, while advising clients on loan portfolio and capital optimization transactions, with a focus on financial institutions and sponsor clients. With more than 20 years of industry experience, Paul joins SMBC from Morgan Stanley where he spent over 12 years working in both New York and London.

Positive

• Paul Burke's extensive industry experience adds significant value to SMBC's mix of clients.
• The creation of the new Capital Solutions Group underscores SMBC's commitment to growth in the Americas.

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• None.

NEW YORK--(BUSINESS WIRE)-- Sumitomo Mitsui Banking Corporation (SMBC), a member of SMBC Group, today announced that Paul Burke has joined the firm to lead a newly created Capital Solutions Group.

Based in New York, Paul will work across the SMBC Americas Division banking businesses to evolve balance sheet optimization strategies, while advising clients on loan portfolio and capital optimization transactions, with a focus on financial institutions and sponsor clients.

“We are pleased to welcome Paul to Team SMBC as his proven leadership adds significant value to our mix of clients,” said Hirofumi Otsuka, Chief Executive Officer, Americas Division and President and CEO of SMBC Americas Holdings, Inc. “Paul’s arrival and the creation of the new Capital Solutions Group underscores our commitment to growth in the Americas.”

With more than 20 years of industry experience, Paul joins SMBC from Morgan Stanley where he spent over 12 years working in both New York and London. He most recently served as the Head of Securitized Products Capital Markets in New York. Prior to Morgan Stanley, he worked in London in various banking roles at firms including Nomura and Royal Bank of Scotland. Paul started his career at Deloitte and is a Fellow of the Institute of Chartered Accountants in England and Wales.

About SMBC Group

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128187920/en/

Drew Benson

drew.benson@smbcgroup.com

Source: Sumitomo Mitsui Banking Corporation

FAQ

Who has joined Sumitomo Mitsui Banking Corporation to lead a newly created Capital Solutions Group?

Paul Burke has joined Sumitomo Mitsui Banking Corporation to lead a newly created Capital Solutions Group.

Where will Paul Burke be based?

Paul Burke will be based in New York.

What is the focus of the Capital Solutions Group?

The Capital Solutions Group will focus on evolving balance sheet optimization strategies and advising clients on loan portfolio and capital optimization transactions, with a focus on financial institutions and sponsor clients.

What is Paul Burke's background?

Paul Burke has more than 20 years of industry experience and joins SMBC from Morgan Stanley where he spent over 12 years working in both New York and London.