A trusted, global financial services provider which values its customers, innovation and its global talent pool, Sumitomo Mitsui Financial Group (SMFG) is demonstrating its public commitment to bettering society through open source innovation and patent non-aggression. With headquarters in Tokyo, Japan, SMFG is the 2nd largest bank in Japan; is the 67th largest company worldwide based on assets, according to Forbes; and its wholly owned subsidiary, SMBC, is the 14th biggest bank in the world.
Established in 2002, SMFG has grown largely through acquisitions. Among those that captured headlines include:
- In 2012, SMFG bought Royal Bank of Scotland Group’s (RBS) aviation unit for about $7.3 billion in the world’s biggest acquisition of a leasing business and the largest deal in an overseas takeover by a Japanese bank since at least 1999, according to data compiled by Bloomberg.
- In 2014, SMFG bought Citigroup Inc.’s Japanese consumer banking business.
- In 2015, SMGF purchased General Electric’s Japan leasing business.