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Japan's SMFG eyes larger stake in U.S. investment bank Jefferies

CEO Ohta seeks closer cooperation in Europe and Asia

Sumitomo Mitsui Financial Group currently owns nearly 5% of Jefferies Financial Group under a 2021 tie-up.   © Reuters

TOKYO -- Japan's Sumitomo Mitsui Financial Group is considering raising its stake in Jefferies Financial Group as the two expand their partnership beyond the U.S., SMFG President and CEO Jun Ohta told Nikkei.

"I have a wish to move toward increasing our holdings," Ohta said.

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