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Megabank personnel shake-up

TOKYO, Japan - File photo shows Sumitomo Mitsui Banking Corp. Senior Managing Director Takeshi Kunibe (L) and Koichi Miyata, another senior managing director of the major Japanese bank. Kunibe will succeed Masayuki Oku as president of SMBC, while Miyata will replace Teisuke Kitayama as president of Sumitomo Mitsui Financial Group Inc., SMBC's holding company, on April 1, 2011, the two firms said Jan. 28, 2011.

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Kunibe to be appointed Sumitomo Mitsui Banking president

TOKYO, Japan - File photo shows Takeshi Kunibe, senior managing director of Sumitomo Mitsui Banking Corp. The company is considering appointing Kunibe to succeed President Masayuki Oku, company sources said Dec. 30, 2010.

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World economy to maintain moderate growth: banking industry leader

TOKYO, Japan - Japanese Bankers Association Chairman Masayuki Oku speaks in a recent interview with Kyodo News. He said the world economy is likely to maintain moderate growth in 2011 although industrial countries remain plagued by various problems.

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Actress Kikukawa in event

TOKYO, Japan - Actress Rei Kikukawa (R) receives a letter from Japanese Bankers Association Chairman Masayuki Oku appointing her to a one-day post to prevent fraud via remittance to bank accounts at an event in Tokyo on July 6, 2010.

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New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States.

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson.

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Top banker seeks to lift barriers between banks, brokerages

TOKYO, Japan - Masayuki Oku, the new chairman of the Japanese Bankers Association, has called for the barriers between banks and brokerages to be eliminated to allow lending and securities underwriting services to be integrated to the advantage of customers. Oku made the remark in a recent interview with Kyodo News.

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Sumitomo Mitsui, S. Korea's Kookmin sign tie-up deal

SEOUL, South Korea - Masayuki Oku (L), president of Japan's Sumitomo Mitsui Banking Corp., and Kang Chung Won, president of South Korea's Kookmin Bank, shake hands in Seoul on March 12 after signing a tie-up accord.

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Sumitomo Mitsui to be banned from selling derivatives

TOKYO, Japan - Masayuki Oku (C), chairman of Sumitomo Mitsui Banking Corp., bows in apology during a press conference in Tokyo on April 27 after the Financial Services Agency ordered Sumitomo Mitsui to stop sales of financial derivatives for six months from May 15.

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(2)Kitayama to succeed Nishikawa as SMFG president

TOKYO, Japan - Sumitomo Mitsui Banking Corp. Deputy President Masayuki Oku (L), who will promoted to the presidency, speaks at a press conference in Tokyo on April 19 flanked by Sumitomo Mitsui Financial Group Inc. Deputy President Teisuke Kitayama (R), who was named to succeed Yoshifumi Nishikawa as president. The top management reshuffle will take effect on June 29, the financial group said.

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Sumitomo Mitsui cuts earnings forecast

TOKYO, April 4 Kyodo - Sumitomo Mitsui Financial Group Inc. Managing Director Masayuki Oku tells a news conference April 4 that the group has cut its earnings forecast for fiscal 2002 as a result of much larger losses connected to securities holdings and bad-loan assets.

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(2)Kitayama to succeed Nishikawa as SMFG president

TOKYO, Japan - Sumitomo Mitsui Banking Corp. Deputy President Masayuki Oku (L), who will promoted to the presidency, speaks at a press conference in Tokyo on April 19 flanked by Sumitomo Mitsui Financial Group Inc. Deputy President Teisuke Kitayama (R), who was named to succeed Yoshifumi Nishikawa as president. The top management reshuffle will take effect on June 29, the financial group said. (Kyodo)

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Sumitomo Mitsui to be banned from selling derivatives

TOKYO, Japan - Masayuki Oku (C), chairman of Sumitomo Mitsui Banking Corp., bows in apology during a press conference in Tokyo on April 27 after the Financial Services Agency ordered Sumitomo Mitsui to stop sales of financial derivatives for six months from May 15. (Kyodo)

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Sumitomo Mitsui, S. Korea's Kookmin sign tie-up deal

SEOUL, South Korea - Masayuki Oku (L), president of Japan's Sumitomo Mitsui Banking Corp., and Kang Chung Won, president of South Korea's Kookmin Bank, shake hands in Seoul on March 12 after signing a tie-up accord. (Kyodo)

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Top banker seeks to lift barriers between banks, brokerages

TOKYO, Japan - Masayuki Oku, the new chairman of the Japanese Bankers Association, has called for the barriers between banks and brokerages to be eliminated to allow lending and securities underwriting services to be integrated to the advantage of customers. Oku made the remark in a recent interview with Kyodo News. (Kyodo)

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SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. y

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson. (Kyodo)

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Actress Kikukawa in event

TOKYO, Japan - Actress Rei Kikukawa (R) receives a letter from Japanese Bankers Association Chairman Masayuki Oku appointing her to a one-day post to prevent fraud via remittance to bank accounts at an event in Tokyo on July 6, 2010. (Kyodo)

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Megabank personnel shake-up

TOKYO, Japan - File photo shows Sumitomo Mitsui Banking Corp. Senior Managing Director Takeshi Kunibe (L) and Koichi Miyata, another senior managing director of the major Japanese bank. Kunibe will succeed Masayuki Oku as president of SMBC, while Miyata will replace Teisuke Kitayama as president of Sumitomo Mitsui Financial Group Inc., SMBC's holding company, on April 1, 2011, the two firms said Jan. 28, 2011. (Kyodo)

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Kunibe to be appointed Sumitomo Mitsui Banking president

TOKYO, Japan - File photo shows Takeshi Kunibe, senior managing director of Sumitomo Mitsui Banking Corp. The company is considering appointing Kunibe to succeed President Masayuki Oku, company sources said Dec. 30, 2010. (Kyodo)

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World economy to maintain moderate growth: banking industry leade

TOKYO, Japan - Japanese Bankers Association Chairman Masayuki Oku speaks in a recent interview with Kyodo News. He said the world economy is likely to maintain moderate growth in 2011 although industrial countries remain plagued by various problems. (Kyodo)

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New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States. (Kyodo)

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Sumitomo Mitsui cuts earnings forecast

TOKYO, April 4 Kyodo - Sumitomo Mitsui Financial Group Inc. Managing Director Masayuki Oku tells a news conference April 4 that the group has cut its earnings forecast for fiscal 2002 as a result of much larger losses connected to securities holdings and bad-loan assets. (Kyodo)