SMBC Americas Holdings, Inc. (“SMBCAH”), a member of SMBC Group, announced today that it has elected Joseph M. Busuttil as an Independent Director, effective March 15, 2021. Mr. Busuttil will serve as a director and chairperson of the Audit Committee.
“Joe’s tremendous depth of experience and breadth of knowledge will bring valuable perspectives as we continue on our growth trajectory in the Americas,” said Hiro Hyakutome, CEO and Head of SMBC Americas Division as well as President & CEO of SMBCAH. “We’re very pleased to welcome Joe as an independent director to the SMBCAH board. His appointment further diversifies our mix of board members, demonstrates the Group’s commitment to strengthening its governance, and is yet another tangible example of how we’re building a stronger, more capable and collaborative SMBC in the Americas.”
Mr. Busuttil has more than 30 years of experience leading and managing multiple strategic financial functions across various business lines for global financial institutions. Most recently, he served on the Board of Directors and as Chairman of the Audit Committee of AgriBank. Previously, he was the Chief Financial Officer at Barclays Global Investment Bank and Barclays Americas, a role he held for four years. Prior to joining Barclays, he served in various capacities at The Goldman Sachs Group, Inc. for more than 20 years, including Global Head of Regulatory Control and Director of Internal Audit. He also served as Chief Financial Officer and Head of Finance, Risk, Operations, Corporate Services and International Administration for Goldman Sachs Asia and Goldman Sachs Japan, during which time he was stationed in Tokyo, Japan.
He has extensive experience managing financial and operational risks, supporting chief executive officers, and serving on board-level committees. Mr. Busuttil began his career as an auditor at Coopers & Lybrand. He is a Certified Public Accountant and holds a FINRA Series 27—Financial and Operations Principal—license.
About SMBC Group
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 85,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. As of December 31, 2020, its total assets were $2.25 trillion.
In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corporation (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.