Japan's Sumitomo Mitsui Financial Group CEO dies at 65

TOKYO — Sumitomo Mitsui Financial Group (SMFG) on Monday (Nov 27) said group CEO Jun Ohta died on Nov 25 aged 65 of pancreatic cancer.

Japan's second-biggest lender after Mitsubishi UFJ Financial Group said it plans to announce a successor in the near future as soon as an appointment is made.

Until the new appointment, Deputy President and Executive Officer Toru Nakashima will perform CEO duties, the bank said.

Ohta joined The Sumitomo Bank, a predecessor of SMFG, in 1982 and rose to group CEO in April 2019. He also served as a vice chairman of Keidanren, Japan's biggest business lobby.

Ohta recently sought to expand SMFG's footprint in overseas markets through an alliance with US investment bank Jefferies Financial Group.

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