SMBC to tap global banking head Akihiro Fukutome as new CEO

TOKYO — Sumitomo Mitsui Banking Corp. will name Akihiro Fukutome as president of the Japanese lender, Nikkei has learned.

Fukutome, a senior managing executive officer, will replace current President Makoto Takashima, who will stay on as the new chairman. SMBC will soon announce the changes, which will take effect April 1.

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