SMBC Americas Holdings, Inc. (“SMBCAH”), a member of SMBC Group, today announced that it has elected Reuben Jeffery III as an Independent Director and Chairman of the Board, effective September 1, 2020. SMBCAH has also elected Anthony Murphy as an independent member of the board, effective August 19, 2020, and Chairman of the Risk Committee. Mr. Murphy is also a member of the boards of directors of SMBC Capital Markets, Inc. and SMBC Nikko Securities America, Inc.
“I would like to warmly welcome Reuben and Anthony as independent directors to the SMBCAH Board,” said Hiro Hyakutome, CEO and Head of SMBC Americas Division and President & CEO of SMBCAH. “They join our organization at an exciting time, as we drive our strategy forward—building deeper client relationships and further expanding our global reach and scale. The addition of these independent directors complements our current board of directors’ skills and experience, providing SMBC Group in the Americas valuable perspectives and strategic guidance as we continue to execute our strategy, drive profitability, and enhance value for our stakeholders.”
Prior to his election to the board of directors of SMBCAH, Mr. Jeffery was President and Chief Executive Officer of Rockefeller Financial Services, Inc., a firm offering global family office, asset management and strategic advisory services to ultra-high-net-worth individuals and families, institutions and corporations. Before that, Mr. Jeffery served in the U.S. government as Under Secretary at the U.S. Department of State for Economic, Energy and Agricultural Affairs. He also served as Chairman of the Commodity Futures Trading Commission and as special assistant to the President on the staff of the National Security Council.
Before his government service, Mr. Jeffery spent 18 years at Goldman, Sachs & Co., in New York, London and Paris. He started his career as a corporate attorney with Davis Polk & Wardwell.
In addition to his role at SMBCAH, Mr. Jeffery is a director of Affiliated Managers Group, Inc. (NYSE: AMG), an international asset management company, and was previously a director of Barclays PLC (2009-2019).
Mr. Murphy is a Managing Director at Promontory Financial Group, an IBM Company, which provides strategic and risk management advice to international financial sector institutions and public sector authorities. In his role at Promontory, Mr. Murphy is responsible for the strategic coordination and development of all service offerings in Promontory’s core U.S. practice. He also offers specialist advice to clients in governance, enterprise risk management and market integrity.
Prior to his current role, Mr. Murphy spent 20 years at HSBC Holdings PLC in roles of increasing responsibility, most recently as CEO, Global Banking and Markets, Americas. He also served on the Management Committee at Bridgewater Associates. He started his career in actuarial consultancy and in fixed-income trading and research at several London firms.
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, 2020, its total assets were $2.10 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 Corporation (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.