• Published on 1 April 2024
• 439 Views
• Print

SMBC appoints Katsufumi Uchida as co-head for Asia Pacific

Sumitomo Mitsui Banking Corporation (SMBC) announced the Singapore-based appointment of Katsufumi Uchida as the new managing executive officer and co-head of the Asia Pacific Division, effective 1 April 2024.

Uchida most recently served as the head of Asia business development division and deputy head of Asia Pacific Division, as a managing executive officer of Sumitomo Mitsui Financial Group.

Uchida joined The Sumitomo Bank in 1990, which through mergers is now known as SMBC. He has over three decades of experience serving within the bank’s global network across key locations in Asia and Europe, with a significant focus on structured finance and fostering growth in emerging markets.

Uchida succeeds the role previously held by Yuichi Nishimura and joins Rajeev Kannan as managing executive officer and co-head for Asia Pacific. Together, they will lead the division and oversee its operations in the region.

Uchida said: “It is an honour to take on my new role with SMBC’s Asia Pacific Division, which continues to be a driver of growth for the bank. I am delighted to work closely with the team to enhance our capability to drive transformation and growth as well as creating social value in this diverse and vibrant region.”

Kannan said: “SMBC Group continues to grow its presence in the Asia Pacific region through organic growth complemented with strategic acquisitions. Given Uchida’s previous role overseeing the acquisitions, I look forward to working closely with him to further enhance our overall platform in the region.”

Re-disseminated by The Asian Banker