Japan’s No. 2 Bank to Open Branches in Paris and Abu Dhabi

Japanese firm also plans to hire for U.S. bond underwriting
‘Tough times bring opportunities,’ new chief says in interview

A pedestrian walks past a branch of SMBC Nikko Securities Inc. in Tokyo.
Photographer: Akio Kon/Bloomberg

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By Takashi Nakamichi and Takako Taniguchi

June 29, 2020 at 8:00 AM UTC

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The securities arm of Japan’s second-biggest bank is pressing ahead with its expansion abroad, unswayed by the coronavirus-fueled recession and a retrenchment by larger global rivals.