SMBC Group Appoints New Global Advisor

SMBC Group will actively utilize the recommendations and advice of Mr. Quarles and other Global Advisors to make a concerted group effort to contribute to customers and society and to improve the quality of our businesses.

SMBC Group Appoints New Global Advisor

Sumitomo Mitsui Financial Group, Inc., today announces the appointment of Mr. Randal Quarles, former Vice Chair of the U.S. Federal Reserve, as an SMBC Group Global Advisor.

Mr. Quarles possesses extensive knowledge and outstanding experience gained over an illustrious career spanning private investment funds and the U.S. government, most notably having served as Vice Chair of the U.S. Federal Reserve from 2017 to 2021.

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SMBC Group exchanges information with its Global Advisors with respect to changes in global commercial flows, trends in financial business, regional political and economic issues, while also obtaining their advice and insight on a regular basis concerning key risks and for the purposes of formulating and managing SMBC Group’s business strategies.

SMBC Group will actively utilize the recommendations and advice of Mr. Quarles and other Global Advisors to make a concerted group effort to contribute to customers and society and to improve the quality of our businesses.

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