Sumitomo Mitsui Financial Group Snapshot
Sumitomo Mitsui Financial Group (SMFG) is the holding company for Sumitomo Mitsui Banking, which is one of Japan's largest banks (along with Mitsubishi UFJ and Mizuho). The bank's operations include retail, corporate, and investment banking; asset management; securities trading; and lending. Sumitomo Mitsui Banking has some 500 domestic branches and another 20 branches abroad. Other units of SMFG include credit card company Sumitomo Mitsui Card, brokerage SMBC Friend Securities, management consulting firm Japan Research Institute, and Sumitomo Mitsui Finance and Leasing. In the US it operates the California-based Manufacturers Bank. SMFG listed its shares on the NYSE in late 2010.
