NEW YORK–(BUSINESS WIRE)–Oct 4, 2022–
SMBC, a member of the SMBC Group, today announced the appointment of Rick Davison as Chief Financial Officer for the Americas.
Hirofumi Otsuka, CEO of SMBC Group in the Americas and President and CEO of SMBC Americas Holdings, Inc., said, “Rick brings to SMBC a superior track record of delivering results and creating and enhancing business and shareholder value. His breadth and depth of experience offers a compelling blend of strategic capital allocation discipline, well-honed operational skills and transformational leadership capabilities. Rick will be a strong partner as we execute our strategic plan and improve our operating results to position SMBC for long-term sustainable growth.
“I am delighted to lead SMBC’s finance function and work with our leadership team to define and execute our strategy,” said Rick Davison. “We continue to improve our controls and oversight of financial processes, as we broaden support for our business growth initiatives and build even more momentum on our transformation journey.”
Prior to joining SMBC, Rick was the US Chief Financial Officer of Royal Bank of Canada (RBC), where he was responsible for providing principal US oversight in all areas of finance, including capital, financial planning, finance and regulation. reporting and general business advice.
During his tenure with RBC Finance, Rick served as co-director of RBC’s CCAR program within Group Risk Management. This was a joint initiative between the Corporate Risk and Finance functions who managed the delivery of CCAR/DFAST for RBC’s Intermediate Holding Company (IHC).
Prior to CCAR’s leadership role, Rick held a number of increasingly responsible positions since 2008, including as Head of Performance Management, which encompassed regional management reporting, business consulting, budgeting, reports to local councils and financial forecasts. Prior to his career at RBC, Rick worked for three years at Barclays Capital, where he spent time in its New York, London and Singapore offices in various finance roles.
Rick holds a bachelor’s degree in business administration from Villanova University.
About SMBC Group
SMBC Group is a leading global financial group. Based 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 credit. The Group has more than 140 offices and 86,000 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 shares trade on the Tokyo Stock Exchange, Nagoya Stock Exchange and ADR on the New York Stock Exchange (NYSE: SMFG). As of June 30, 2022, its total assets stood at $1.97 trillion.
In the Americas, SMBC Group is present in the United States, Canada, Mexico, Brazil, Chile, Colombia and Peru. Backed by the capital strength of the SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional and municipal clients. It connects a diverse customer base to local markets and the organization’s extensive global network. The group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro SA and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20221004005517/en/
CONTACT: AnneMarie Laorenza
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
SECTOR KEYWORD: BANKING ACCOUNTING PROFESSIONAL SERVICES FINANCE
SOURCE: SMBC Group
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PUBLISHED: 04/10/2022 09:00 AM/DISC: 04/10/2022 09:03 AM