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SMBC first opened a London Branch in 1918 and, since that time, the Bank has expanded its business and relationships significantly. SMBCE London is now the regional headquarters for Europe, the Middle East and Africa and SMBC has become established as one of the most active and best recognized players in the European wholesale financial market. SMBC has offices in Brussels, Dusseldorf and Paris and a Representative Office in Madrid. The Bank employs in excess of 500 people in Europe.
As well as SMBCE London, SMBC has SMBC Capital Markets, Inc., the Bank's derivatives house which operates globally, and has over 20 employees in the U.K.; and our joint venture with Daiwa Securities Group, Daiwa Securities SMBC Europe, which has more than 400 employees in Europe.
SMBC's presence and activities in Western Europe are best summarised as follows:
- Wide-ranging and solid client base
- Substantial underwriting capability in debt syndication
- Strength in Japan/Asia related business
- Active involvement in the European Telecoms market
- Significant track record and growing presence in the European MBO funding
- Strong relationships with financial institutions through our Yen Services
- Strong capability of our subsidiary, SMBC Capital Markets, Inc. in swaps and derivatives
- Growing capability of Daiwa Securities SMBC for capital market products
- Provision of value added services and solution based products
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