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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 ability to support its clie
Ray Pawlicki, Previously CIO at Biogen and Novartis, Joins PrecisionLife as Executive Chair to Accelerate Strategic Expansion pharmiweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pharmiweb.com Daily Mail and Mail on Sunday newspapers.