Jefferies Financial Group (JEF) Appoints Toru Nakashima to its Board

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Go back to Jefferies Financial Group (JEF) Appoints Toru Nakashima to its Board

Jefferies Announces that Toru Nakashima, President and Group CEO of SMFG, Has Been Appointed to the Jefferies Board of Directors

August 12, 2024 6:45 AM EDT

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group, Inc. (NYSE: JEF) (Jefferies) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (SMFG) President and Group Chief Executive Officer, Toru Nakashima, to Jefferies Board of Directors effective August 12, 2024. The appointment of Mr. Nakashima further strengthens the strategic alliance between Jefferies and the SMBC Group first announced in 2021 and then further expanded in 2023 and 2024.

Consistent with agreements between Jefferies and Sumitomo Mitsui Banking Corporation (SMBC), SMBC intends to increase its economic ownership of Jefferies to up to 15% on an... More