© Reuters. FILE PHOTO: Sumitomo Mitsui Monetary Group Inc (SMFG)’s new chief government Jun Ohta attends a information convention in Tokyo, Japan, December 14, 2018. REUTERS/Kim Kyung-Hoon/File Picture
TOKYO (Reuters) -Sumitomo Mitsui Monetary Group (SMFG) on Monday mentioned group CEO Jun Ohta died on Nov. 25 aged 65 of pancreatic most cancers.
Japan’s second-biggest lender after Mitsubishi UFJ (NYSE:) Monetary Group mentioned it plans to announce a successor within the close to future as quickly as an appointment is made.
Till the brand new appointment, Deputy President and Government Officer Toru Nakashima will carry out CEO duties, the financial institution mentioned.
Ohta joined The Sumitomo Financial institution, a predecessor of SMFG, in 1982 and rose to group CEO in April 2019. He additionally served as a vice chairman of Keidanren, Japan’s greatest enterprise foyer.
Ohta just lately sought to broaden SMFG’s footprint in abroad markets by means of an alliance with U.S. funding financial institution Jefferies Monetary Group.
