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SMBC Bolsters Global Sales and Trading Push With Macro Hire

Banking & LiquidityCredit & Bond MarketsMarket Technicals & FlowsCompany Fundamentals

Sumitomo Mitsui Banking Corp. hired Kunal Maini as international head of macro rates, aiming to expand its sales and trading franchise beyond Japan. The appointment is a supportive signal for the firm’s rates capabilities, but is unlikely to move markets materially on its own.

Analysis

Sumitomo Mitsui Banking Corp. hired Kunal Maini as international head of macro rates, aiming to expand its sales and trading franchise beyond Japan. The appointment is a supportive signal for the firm’s rates capabilities, but is unlikely to move markets materially on its own.

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