Sumitomo Mitsui Hires Banking Veteran Gelber to Lead U.S. Push

  • Bank will recruit senior bankers for his team in coming months
  • Sumitomo Mitsui is expanding in the U.S. as Nomura pulls back

Sumitomo Mitsui Financial Group Inc. formed an investment-banking group in the U.S., part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.

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