Banking News

SMBC Announces APAC Co-Head and Managing Executive Officer

(3 April 2024 – Japan) Sumitomo Mitsui Banking Corporation (SMBC) has appointed Katsufumi Uchida as the new Co-Head and Managing Executive Officer of its Asia Pacific (APAC) Division, effective 1 April 2024.

Based in Singapore, SMBC is actively expanding its presence in the APAC region through organic growth complemented with strategic acquisitions. Mr Uchida succeeds the role previously held by Yuichi Nishimura, joining colleague Rajeev Kannan as Co-Head and Managing Executive Officer for APAC.

Uchida offers 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. 

“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” SMBC Co-Head and Managing Executive Officer of the Asia Pacific Division, Katsufumi Uchida commented.

“SMBC Group continues to grow its presence in the Asia-Pacific region through organic growth complemented with strategic acquisitions. Given Mr Uchida’s previous role overseeing the acquisitions, I look forward to working closely with him to further enhance our overall platform in the region” stated SMBC Co-Head and Managing Executive Officer of the Asia Pacific Division, Rajeev Kannan.