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SMBC raises Jefferies stake to up to 20% with $912 mn investment
Hindustan Times Delhi
|September 20, 2025
THE TWO COMPANIES WILL ALSO SET UP AJV IN JAPAN TO CONSOLIDATE THEIR WHOLESALE JAPANESE EQUITIES BUSINESSES
Japan's Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group , will invest a further 135 billion yen ($912.84 million) in US investment bank Jefferies, the companies said in a statement on Friday.
The move deepens the firms’ alliance, which dates from 2021, and comes after SMBC raised its holding in India’s Yes Bank this week, as it and other Japanese institutions seek out opportunities overseas.
The investment will take SMBC’s stake to up to 20% from 14.5%.
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