SMBC Nikko Securities America, Inc. Hires Industry Veteran Scott Ashby

Rhea-AI Summary

SMBC Nikko Securities America has appointed Scott Ashby as Managing Director, Head of Capital Markets and Investment Banking, and Senior Deputy President. Ashby, who previously worked at Morgan Stanley for 24 years, brings extensive experience in fixed income capital markets. His role will focus on driving growth and enhancing client opportunities within the firm’s Capital Markets division. The leadership change is expected to strengthen SMBC's strategic execution and client service in the investment banking sector.

Positive

• Appointment of Scott Ashby is expected to drive growth in Capital Markets and Investment Banking.
• Scott Ashby's experience from Morgan Stanley adds significant leadership expertise.

Negative

• Concerns about continuity as new leadership may indicate a shift in strategic direction.

NEW YORK--(BUSINESS WIRE)-- SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Scott Ashby has joined the firm as Managing Director, Head of Capital Markets and Investment Banking, Senior Deputy President. In this role, he will oversee several business functions within the Capital Markets and Investment Banking division, working closely with the firm’s product and coverage teams to help drive further growth and maximize future client opportunities.

“We are very excited to have Scott join the firm to lead our Capital Markets and Investment Banking business,” said Bungo Miura, Chairperson and President, SMBC Nikko Securities America, Inc. “He brings a tremendous wealth of experience leading a first class fixed income capital markets business. Scott is a great fit to lead our business, is an outstanding addition to our team, and will help to enhance the execution of our strategy and delivery for clients.”

Scott joins SMBC Nikko Securities America from Morgan Stanley, where he spent the past 24 years, most recently as a Managing Director, Co-Head of Fixed Income Capital Markets in the Americas within the Global Capital Markets division. There, he was responsible for investment-grade debt underwriting and related risk management in the U.S. and Latin America. In addition to managing the Fixed Income Capital Markets practice, Scott has built his career by focusing on coverage of financial institutions and corporations around the globe, specifically, U.S. and foreign banks, insurance and finance companies, global asset managers, the global automotive industry, as well as a select group of large multinational corporations.

Scott previously held several positions within Morgan Stanley’s Fixed Income Capital Markets business and Equity Research division, where he covered the U.S. automotive industry. Prior to joining Morgan Stanley, he was a Financial Analyst at Toyota Motor Credit Corporation.

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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005814/en/

Mina Takahashi

Direct: +1-212-756-5593

mina_takahashi@smbcgroup.com

Source: SMBC Nikko Securities America, Inc.

FAQ

Who is Scott Ashby and what is his role at SMBC Nikko Securities America?

Scott Ashby has been appointed as Managing Director, Head of Capital Markets and Investment Banking, and Senior Deputy President, overseeing growth in the division.

What experience does Scott Ashby bring to SMBC Nikko Securities America?

Ashby has 24 years of experience at Morgan Stanley, where he was Managing Director and Co-Head of Fixed Income Capital Markets.

What is the significance of Scott Ashby's appointment for SMBC Nikko Securities?

His leadership is expected to enhance client service and strategic execution in the firm's Capital Markets and Investment Banking operations.