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Jefferies, SMBC Form Strategic Alliance to Drive Growth


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Jefferies and SMBC Group to Collaborate on Future Business Opportunities to Enhance Value to Their Clients and Accelerate Strategic Initiatives
SMBC Group to Provide Credit Facilities to Jefferies Finance LLC ($1.9 Billion) and Jefferies Group LLC ($350 million)
SMBC Group to Purchase up to 4.9% of Jefferies Common Shares in the Open Market
Jefferies Financial Group, the parent company of Jefferies Group LLC, and Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc. announced that they have entered into a Strategic Alliance to collaborate on future corporate and investment banking business opportunities.
Through the Strategic Alliance, Jefferies and SMBC Group will coordinate across highly accretive growth areas in the corporate and investment banking business. These initiatives are expected to strengthen the existing businesses of both firms, and enhance each firm’s abilit ....

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