Jefferies Financial Group, Inc. (JEF) and Sumitomo Mitsui Financial Group, Inc. (SMFG), Sumitomo Mitsui Banking Corporation, and other group companies have signed a memorandum of understanding to further expand global strategic alliance to include enhanced collaboration across EMEA on future corporate and investment banking business opportunities. The Jefferies-SMBC alliance commenced in 2021 in the U.S. and Japan and was expanded in the U.S. in 2023.
Rich Handler, Jefferies' CEO, and Brian Friedman, President, stated: "Over the last several years, Jefferies has made a significant investment to broaden and solidify its investment banking, sales, trading and research capabilities across EMEA. We now further accelerate these efforts by aligning with the significant capital base and world-class capabilities of SMBC Group."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.