BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - 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.'



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX