Jefferies Financial Group, SMBC Group expand strategic alliance to Canada

Jefferies Financial Group (JEF) and SMBC Group announced that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., and other group companies. Bruce Rothney, CEO of Jefferies Canada, stated: “In just the first few months since opening Jefferies’ new Canada office, we have already witnessed the benefits that the Jefferies-SMBC strategic alliance will bring to our valued clients. SMBC’s capital base and world-class capabilities will enable us to jointly offer comprehensive, full-service solutions to our clients in Canada. We are excited by the opportunity to accelerate efforts with our partners at SMBC as we pursue our mission of establishing Jefferies as a leading full-service global investment banking and capital markets firm in Canada.”