🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Japan's SMBC hires former Credit Suisse China boss Stoehr

Published 02/05/2024, 09:15 PM
Updated 02/05/2024, 09:20 PM
© Reuters. FILE PHOTO: A signboard of Sumitomo Mitsui Banking Corporation is seen through trees in Tokyo, Japan, November 12, 2015. REUTERS/Yuya Shino
SMFG
-

SYDNEY (Reuters) - Japan's Sumitomo Mitsui (NYSE:SMFG) Banking Corp (SMBC) said on Tuesday it has hired former Credit Suisse China boss Carsten Stoehr as its deputy head for the Asia Pacific region.

Stoehr had been with Credit Suisse for more than 25 years before its forced merger with rival UBS in March last year.

Most recently, he was the bank's CEO for the Greater China region, which covered investment banking, wealth and asset management.

SMBC is the main banking unit of Sumitomo Mitsui Financial Group .

© Reuters. FILE PHOTO: A signboard of Sumitomo Mitsui Banking Corporation is seen through trees in Tokyo, Japan, November 12, 2015. REUTERS/Yuya Shino

Stoehr will oversee SMBC's structured lending and private wealth businesses across the APAC region based in Singapore, the bank said in a statement.

He will report to SMBC's regional co-heads Yuichi Nishimura and Rajeev Kannan.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.