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Sumitomo Said Among First Brexit Banks to Sign Frankfurt Lease

  • Japanese bank said to pick floor in 56-story Main Tower
  • German financial capital also attracted Nomura, Goldman Sachs

Sumitomo Mitsui Financial Group Inc. has signed a lease in Frankfurt, according to people familiar with the decision, making it one of the first foreign banks to commit to new office space in Germany’s financial capital ahead of Brexit.

Japan’s second-biggest lender plans to occupy one floor in the Main Tower, a 56-story building in Frankfurt’s financial district, the people said, asking not to be identified because the plans are private. Sumitomo plans to put as much as 100 people in the office, one person said.