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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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SMFG's Miyata to be promoted to president

TOKYO, Japan - File photo shows Koichi Miyata, senior managing director of Sumitomo Mitsui Financial Group Inc. The bank holding company is considering appointing Miyata to succeed President Teisuke Kitayama, who is likely to retire, company sources said Dec. 30, 2010.

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SMFG lists on New York Stock Exchange

NEW YORK, United States - Teisuke Kitayama (C in front), president of Sumitomo Mitsui Financial Group Inc., rings the opening bell at the New York Stock Exchange on Nov. 1, 2010. SMFG listed its American Depository Receipts on the NYSE on the same day, becoming the last of Japan's three biggest banking groups to trade on the NYSE, following Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc.

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SMFG lists on New York Stock Exchange

NEW YORK, United States - Teisuke Kitayama, president of Sumitomo Mitsui Financial Group Inc., speaks at a press conference at the New York Stock Exchange on Nov. 1, 2010, the day SMFG listed its American Depository Receipts on the NYSE. Kitayama said the listing would be the important first step for the company to compete in the global market.

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

TOKYO, Japan - Teisuke Kitayama (L), president of Sumitomo Mitsui Financial Group Inc., along with Citigroup Vice Chairman Stephen Volk (R), announces at a Tokyo hotel on May 1 that SMFG has reached an agreement with Citigroup to acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen.

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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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SMFG's net profit down over 50% in 1st half of FY 2008

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama (L) speaks during a news conference in Tokyo on Nov. 14. He said its group net profit fell 51.2 percent to 83.28 billion yen in the six months through September from a year earlier as the fallout from the global financial turmoil weighed on its balance sheet.

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Sumitomo Mitsui's 1st-half net profit down 30%

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama on Nov. 19 attends a news conference in Tokyo where the company said its consolidated net profit for the first half of fiscal 2007 dropped 30.0 percent from a year before to 170.59 billion yen. SMFG blamed the lowered earnings on losses incurred from its subprime-related securities products and slumping stocks of affiliated consumer loan companies.

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Sumitomo Mitsui's 1st-half group net profit dives 37.9%

TOKYO, Japan - Teisuke Kitayama, president of Sumitomo Mitsui Financial Group Inc., speaks about the company's earnings report for the first-half of fiscal 2006 at the Bank of Japan's head office in Tokyo on Nov. 22.

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SMFG sinks into red

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. Vice President Teisuke Kitayama speaks at a press conference in Tokyo on May 24. Kitayama, who is to assume the presidency in June, said that hefty bad-loan disposal costs sent his group into the red in the year to March 31.

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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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Kitayama to succeed Nishikawa as SMFG president

TOKYO, Japan - File photo shows Sumitomo Mitsui Financial Group Inc. Deputy President Teisuke Kitayama who was named April 19 to succeed Yoshifumi Nishikawa as president. The top management reshuffle will take effect on June 29, the financial group said.

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Kitayama to succeed Nishikawa as SMFG president

TOKYO, Japan - File photo shows Sumitomo Mitsui Financial Group Inc. Deputy President Teisuke Kitayama who was named April 19 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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(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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SMFG sinks into red

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. Vice President Teisuke Kitayama speaks at a press conference in Tokyo on May 24. Kitayama, who is to assume the presidency in June, said that hefty bad-loan disposal costs sent his group into the red in the year to March 31. (Kyodo)

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Sumitomo Mitsui's 1st-half group net profit dives 37.9%

TOKYO, Japan - Teisuke Kitayama, president of Sumitomo Mitsui Financial Group Inc., speaks about the company's earnings report for the first-half of fiscal 2006 at the Bank of Japan's head office in Tokyo on Nov. 22. (Kyodo)

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Sumitomo Mitsui's 1st-half net profit down 30%

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama on Nov. 19 attends a news conference in Tokyo where the company said its consolidated net profit for the first half of fiscal 2007 dropped 30.0 percent from a year before to 170.59 billion yen. SMFG blamed the lowered earnings on losses incurred from its subprime-related securities products and slumping stocks of affiliated consumer loan companies. (Kyodo)

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SMFG's net profit down over 50% in 1st half of FY 2008

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama (L) speaks during a news conference in Tokyo on Nov. 14. He said its group net profit fell 51.2 percent to 83.28 billion yen in the six months through September from a year earlier as the fallout from the global financial turmoil weighed on its balance sheet. (Kyodo)

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

TOKYO, Japan - Teisuke Kitayama (L), president of Sumitomo Mitsui Financial Group Inc., along with Citigroup Vice Chairman Stephen Volk (R), announces at a Tokyo hotel on May 1 that SMFG has reached an agreement with Citigroup to acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (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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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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SMFG's Miyata to be promoted to president

TOKYO, Japan - File photo shows Koichi Miyata, senior managing director of Sumitomo Mitsui Financial Group Inc. The bank holding company is considering appointing Miyata to succeed President Teisuke Kitayama, who is likely to retire, company sources said Dec. 30, 2010. (Kyodo)

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SMFG lists on New York Stock Exchange

NEW YORK, United States - Teisuke Kitayama, president of Sumitomo Mitsui Financial Group Inc., speaks at a press conference at the New York Stock Exchange on Nov. 1, 2010, the day SMFG listed its American Depository Receipts on the NYSE. Kitayama said the listing would be the important first step for the company to compete in the global market. (Kyodo)

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SMFG lists on New York Stock Exchange

NEW YORK, United States - Teisuke Kitayama (C in front), president of Sumitomo Mitsui Financial Group Inc., rings the opening bell at the New York Stock Exchange on Nov. 1, 2010. SMFG listed its American Depository Receipts on the NYSE on the same day, becoming the last of Japan's three biggest banking groups to trade on the NYSE, following Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. (Kyodo)