Sumitomo Mitsui backs Malaysia’s global vision

PETALING JAYA — Sumitomo Mitsui Banking Corporation (SMBC) remains committed to Malaysia in line with their vision of becoming a global financial group in the next decade.

SBMC senior managing director and co-head of international banking unit Yasuyuki Kawasaki said the group is looking to realise their vision by earning the highest trust of their clients as well as lead the growth of Japan and the Asia region.

“More specifically, we want to become a truly Asia-centric institution with Malaysia as a core component of this vision,” Kawasaki said at the group’s 5th anniversary function recently.

Kawasaki said SBMC puts emphasis on its long-term business commitment here.

“We are proud and honoured to be part of Malaysia’s financial landscape as the country pursues its journey towards becoming a high-income nation by 2020.”

Kawasaki said their business in Malaysia has grown significantly since its inception, with their current headcount doubled from the initial startup number.

“We are looking forward to further expand SMBC Malaysia’s operations and presence given Malaysia’s robust economy and skilled labour force,” Kawasaki said.

SBMC injected additional funds into its Malaysian subsidiary in May last year, subsequently making SBMC Malaysia one of the best capitalised foreign banks in the country, enabling it to better service their clients here.

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