Jefferies and SMBC Expand Alliance to Canada

Jefferies Financial Group and SMBC Group announced that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market according to a story in MarketsMedia news. SMBC Group comprises Sumitomo Mitsui Financial Group, Inc. , Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., and other group companies. In December 2023, Jefferies announced that it established full-service investment banking and capital markets capabilities in Canada, opening a new 40+ person office with dedicated expertise across investment banking, equity research, and sales and trading in all sectors. Jefferies will now align its extensive industry, M&A, leveraged finance and equity capital markets knowledge in Canada with SMBC Group’s deep banking and debt capital markets expertise and strong balance sheet to support and serve clients.