Sumitomo Mitsui Financial Group Inc. (SMFG) is considering expanding its strategic alliance with Jefferies Financial Group Inc., according to SMFG's chief executive officer. The potential expansion could involve new areas of collaboration, such as equity trading. This move aims to further build up SMFG's global business capabilities.
The existing collaboration, which began in 2021, has focused on competing in the U.S. financial markets. A deeper tie-up would enhance Jefferies' access to global markets and potentially increase deal flow. This strategic development signals a strengthening partnership between the two financial institutions.
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