Sumitomo Mitsui Banking Corporation
Nikko Cordial Securities Inc.

Expansion of Securities Business Activities in New York, Hong Kong and Shanghai

TOKYO, November 24, 2010 --- Sumitomo Mitsui Banking Corporation (President:Masayuki Oku, hereinafter “SMBC”) and Nikko Cordial Securities Inc. (President &CEO: Eiji Watanabe, hereinafter “Nikko Cordial”) hereby announce that, following thecommencement of new securities business activities by SMBC Nikko Capital Markets
Limited in October, it has been decided to change the name of SMBC’s wholly-ownedsecurities subsidiary in New York and to expand its securities business activities as
described below.
In addition, Nikko Cordial’s subsidiaries in Hong Kong and Shanghai will start to use“SMBC Nikko” in their company names as in London and New York, and commence
securities business activities such as broking of Japanese stocks and M&A advisory
services. These overseas subsidiaries will provide expanded, high quality financial
services to clients on a global basis.

1. New YorkSMBC Securities, Inc., a securities subsidiary of SMBC incorporated in the U.S., willchange its name to SMBC Nikko Securities America, Inc. on December 1, 2010 andexpand securities business activities as follows in collaboration with Nikko Cordial.
Nikko Cordial will close its New York Representative Office on November 30, 2010.
(1)
(2)
(3)
(4)

Broking of Japanese stocks
M&A advisory services
Arrangement of Samurai bonds underwritten by Nikko Cordial
Broking of bonds

2. Hong Kong
Primasia Securities (Asia) Limited, a wholly-owned securities subsidiary of Nikko
Cordial incorporated in Hong Kong, will change its name to SMBC Nikko Securities(Hong Kong) Limited on December 1, 2010 and expand securities businessactivities as follows in collaboration with Nikko Cordial from January 4, 2011.
(1) Broking of Japanese stocks(2) M&A advisory services

3. Shanghai
SMBC Nikko Investment Consulting (Shanghai) Limited, a newly-establishedcompany in Shanghai that is a wholly-owned subsidiary of Nikko Cordial, will startadvisory related services in collaboration with Nikko Cordial, mainly M&A advisory
services, on January 4, 2011. It will primarily focus on cross-boarder M&A between
Japan and China to meet the increasing needs of clients.

【Reference】 Profile of the Overseas Securities Business Subsidiaries （as of November 24, 2010）
New York

Hong Kong

ShanghaiLondon(for reference)

1. Company

SMBC Nikko

SMBC Nikko

SMBC Nikko

SMBC Nikko

Name

Securities America,

Securities (HongInvestment

Capital Markets(after nameInc.

Kong) Limited

Consulting

Limited(Shanghai) Limitedrevision）
2. Location ofMain Office

277 Park Avenue,

Suite 4301-03, 43F,

Room 1720,

99 Queen Victoria

New York, NY

Office Tower,

Shanghai World

Street, London

10172, U.S.A.

Convention Plaza,Financial Center

EC4V 4EH, U.K.

th

No.1 Harbour

17 , No.100

Road, Wanchai,Century Avenue,Hong Kong

Pudong New Area,
Shanghai, China

3. Name of

Ryo Suzuki

Masashi Maruyama

Toyoaki Kishihara

Antony Yates

SMBC

Nikko Cordial

Nikko Cordial

SMBC

Securities business,

Broking of Hong(newlyDerivative

Existing

Asset

Kong stocks,

established）

business,

Business

Securitization

Proprietary trading

Investment

businessbusiness

activities etc.

27

31

Representative
4. Major
Shareholder
5. Description of

6. Number of633

Employee＊＊ Number of employee is as of the starting date of new securities business.
(Regarding London, it is as of October 1, 2010.)

END.