Sumitomo Mitsui Banking Corporation (SMBC) has appointed Katsufumi Uchida as its new managing executive officer and co-head of the Asia Pacific division.
The Singapore-based Uchida has assumed his new role on April 1. He succeeds Yuichi Nishimura who held the role previously and will now join Rajeev Kannan. Uchida, together with Kannan, will lead the division and oversee the bank’s operations in the region.
Uchida joined The Sumitomo Bank in 1990 (now SMBC after mergers) and was most recently the head of Asia Business development division and the deputy head of the Asia Pacific division as a managing executive officer of Sumitomo Mitsui Financial Group. 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.
“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,” says Uchida.
“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,” adds Kannan.
