SMBC Capital Markets, Inc., a member of SMBC Group, has announced the appointment of Shrikar Shah as Head of Interest Rates Structured Trading, advancing the firm's global Macro Rates platform and broader sales and trading business.

A managing director based in New York and reporting to Gagan Sobti, Head of Macro Rates Trading, Shrikar will lead SMBC's Interest Rates Structured Trading desk. He will be responsible for building and expanding the firm's structured bond business, including platform development, product strategy, and governance, working closely with Partha Nandi, Head of Structured Solutions Sales and Trading.

Shrikar brings more than 20 years of structured products experience to SMBC, with deep expertise in interest rate structured notes, issuance, trading, and platform build-out. Most recently, he was an Executive Director at Morgan Stanley, where he led U.S. fixed income structured notes trading across rates, FX, commodities, and hybrid products. During his tenure, he built and scaled multiple structured issuance platforms, including the launch of a bank CD platform that grew to multi-billion-dollar annual issuance volumes.

"This hire represents an important step in strengthening our global macro rates platform and building new growth businesses in the Americas," said Masahito Nonaka, Head of Global Markets for SMBC Americas.

About SMBC Group

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE:SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Americas Holdings, Inc., SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. (collectively, SMBC Group Americas Division).

For more information, please visit www.smbcgroup.com.

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MediaRelationsAmericas@smbcgroup.com

SMBC Capital Markets Hires Shrikar Shah to Lead Interest Rates Structured Trading