SMBC Nikko Securities America Hires Paul Spivack as Managing Director, Deputy Head of Capital Markets

Rhea-AI Summary

SMBC Nikko Securities America has appointed Paul Spivack as the new Managing Director and Deputy Head of Capital Markets. Spivack, previously with Morgan Stanley for 17 years, will report to Scott Ashby and is expected to enhance the firm's debt business. His diverse background is anticipated to drive growth and improve service for corporate clients. SMBC Nikko is a member of SMBC Group, a leading global financial institution.

Positive

• Appointment of Paul Spivack as Managing Director may bring new leadership and strategies.
• Spivack's extensive experience at Morgan Stanley could enhance growth in the debt business.

Negative

• Concerns regarding continuity and experience gaps due to leadership changes.

NEW YORK--(BUSINESS WIRE)-- SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Paul Spivack has joined the firm as Managing Director, Deputy Head of Capital Markets. In this role, he will work closely with the firm’s debt business, providing his advice and counsel to help drive further growth for this unit. He will report to Scott Ashby, Managing Director, Head of Capital Markets and Investment Banking, Senior Deputy President.

“We are very pleased to welcome Paul to the firm as a senior leader of our Capital Markets business,” said Scott Ashby. “His strong and diverse background, in various asset classes, through a global lens and perspective will add significant value to our mix of clients. We are confident that Paul will help support the sustained growth of this business, will be an integral member of our expanding team, and will help to enhance the execution of our strategy and delivery for corporate clients.”

Paul joins SMBC Nikko Securities America from Morgan Stanley, where he spent the past 17 years, most recently as a Managing Director, Joint Head of Fixed Income Capital Markets (FICM) Americas and Head of Latam Debt Capital Markets, a role he served in since 2018. He also served as Managing Director, Global Head of FICM Syndicate and as a member of the Global Capital Markets (GCM) Operating Committee. In these roles, Paul jointly managed a group of more than 100 professionals across the U.S., Latin America, Europe, and Asia. These teams were responsible for the origination and execution of debt securities, loans (including acquisition finance), derivatives, liability management, and securitization.

Prior to joining Morgan Stanley in 2004, Paul served in various positions with Hawk Global Advisors, Bank of America Securities, Bear Stearns, Credit Suisse First Boston, UBS, Coudert Brothers, and the office of Hon. Ralph K. Winter.

Paul earned his Juris Doctor from Yale Law School and a Bachelor of Arts from Yale University.

About SMBC Nikko Securities America, Inc.

SMBC Nikko Securities America, Inc. is a member of SMBC Group, one of the world’s largest global financial institutions. Based in New York City, SMBC Nikko Securities America, Inc. provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. SMBC Nikko Securities America, Inc. caters to institutional investors such as mutual funds, hedge funds, and other investment advisors.

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 130 offices and 85,000 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 New York (NYSE: SMFG) stock exchanges. As of June 30, 2021, its total assets were $2.11 trillion.

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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005522/en/

Mina Takahashi

Direct: +1-212-756-5593

mina_takahashi@smbcgroup.com

Source: SMBC Nikko Securities America, Inc.

FAQ

Who is Paul Spivack and what role has he taken at SMBC Nikko Securities America?

Paul Spivack is the new Managing Director and Deputy Head of Capital Markets at SMBC Nikko Securities America.

What impact could Paul Spivack's appointment have on the debt business at SMBC Nikko?

His extensive experience is expected to drive growth and improve service delivery for corporate clients.

What experience does Paul Spivack bring to his new position at SMBC Nikko?

He has 17 years of experience at Morgan Stanley, most recently as Managing Director in Fixed Income Capital Markets.

Who will Paul Spivack report to at SMBC Nikko Securities America?

He will report to Scott Ashby, Managing Director and Head of Capital Markets and Investment Banking.

What is SMBC Nikko Securities America's relationship with SMBC Group?

SMBC Nikko Securities America is a member of SMBC Group, which is one of the largest global financial institutions.