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05 Oct 2021
SMBC Nikko Securities America Invests Further in Capital Markets With Senior High Yield Sales and Trading Hires
New York, NY – October 5, 2021:SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that it will invest further in its capital markets platform with Huy Vu, Chris Palmaro, Dennis Farrell, and Chris Evans, who will focus on building out the firm’s high yield sales and trading effort.
“We are very excited to welcome Huy, Chris, Dennis and Chris to the firm,” said Bungo Miura, Chairperson and President, SMBC Nikko Securities America, Inc. “They are seasoned industry professionals with established track records for supporting the needs of institutional clients. We look forward to their contributions.”
Huy Vu joins SMBC Nikko as a Managing Director and Head of High Yield Sales. He spent 15 years at Wells Fargo Securities, delivering in-depth institutional sales coverage in high yield bonds, leveraged loans, private placements, bridge commitments, credit default swaps, and distressed debt. He was previously in High Yield Sales and High Yield Syndicate at Citigroup Global Markets.
Chris Palmaro joins SMBC Nikko as a Managing Director and Head of High Yield Trading, where he brings 15 years of experience in high yield sales and trading. He was previously a Director with Wells Fargo Securities, where he was the senior high yield corporate bond trader responsible for multiple sectors, including gaming, lodging, leisure, airlines, hospitality, and healthcare. Chris’s career in financial services began with Wachovia Securities, and he has held roles of increasing responsibility at Wells Fargo, from Analyst to Associate to Vice President.
Dennis Farrell brings more than two decades of investment banking experience to SMBC Nikko, joining the firm as a Managing Director and Head of Developed Market Credit Analysis in Fixed Income. Dennis was previously with Wells Fargo for 15 years with its Corporate & Investment Banking Group as a Managing Director in Credit Research and Leveraged Finance Desk Specialist roles. While he was at Wells Fargo, his gaming and lodging credit research platform was named to Institutional Investor magazine’s All-American Research Team for 12 years and achieved a #2 ranking in the most recent survey. Prior to Wells Fargo, he was with Deutsche Bank’s Securities Sales & Trading, Leveraged Finance Capital Markets, and Research teams for six years.
Chris Evans joins SMBC Nikko as an Executive Director and High Yield Senior Trader, bringing 20 years of experience in investment banking and high yield trading. He spent 16 years at Wells Fargo Securities as a Director of High Yield Trading. Chris began his career with Wachovia Securities and spent four years as an Investment Banking Associate/Analyst in its Industrial Growth Group.
About SMBC Nikko Securities America, Inc.
SMBC Nikko Securities America, Inc. is a member of SMBC Group, one of the world’s largest global financial institutions. Based in New York City, SMBC Nikko Securities America, Inc. provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. SMBC Nikko Securities America, Inc. caters to institutional investors such as mutual funds, hedge funds, and other investment advisors.
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 140 offices and 86,000 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 June 30, 2021, its total assets were $2.11 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 Corp. (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.
Media Relations Contact:
Mina Takahashi
+1 212-756-5593
mina_takahashi@smbcgroup.com
“We are very excited to welcome Huy, Chris, Dennis and Chris to the firm,” said Bungo Miura, Chairperson and President, SMBC Nikko Securities America, Inc. “They are seasoned industry professionals with established track records for supporting the needs of institutional clients. We look forward to their contributions.”
Huy Vu joins SMBC Nikko as a Managing Director and Head of High Yield Sales. He spent 15 years at Wells Fargo Securities, delivering in-depth institutional sales coverage in high yield bonds, leveraged loans, private placements, bridge commitments, credit default swaps, and distressed debt. He was previously in High Yield Sales and High Yield Syndicate at Citigroup Global Markets.
Chris Palmaro joins SMBC Nikko as a Managing Director and Head of High Yield Trading, where he brings 15 years of experience in high yield sales and trading. He was previously a Director with Wells Fargo Securities, where he was the senior high yield corporate bond trader responsible for multiple sectors, including gaming, lodging, leisure, airlines, hospitality, and healthcare. Chris’s career in financial services began with Wachovia Securities, and he has held roles of increasing responsibility at Wells Fargo, from Analyst to Associate to Vice President.
Dennis Farrell brings more than two decades of investment banking experience to SMBC Nikko, joining the firm as a Managing Director and Head of Developed Market Credit Analysis in Fixed Income. Dennis was previously with Wells Fargo for 15 years with its Corporate & Investment Banking Group as a Managing Director in Credit Research and Leveraged Finance Desk Specialist roles. While he was at Wells Fargo, his gaming and lodging credit research platform was named to Institutional Investor magazine’s All-American Research Team for 12 years and achieved a #2 ranking in the most recent survey. Prior to Wells Fargo, he was with Deutsche Bank’s Securities Sales & Trading, Leveraged Finance Capital Markets, and Research teams for six years.
Chris Evans joins SMBC Nikko as an Executive Director and High Yield Senior Trader, bringing 20 years of experience in investment banking and high yield trading. He spent 16 years at Wells Fargo Securities as a Director of High Yield Trading. Chris began his career with Wachovia Securities and spent four years as an Investment Banking Associate/Analyst in its Industrial Growth Group.
About SMBC Nikko Securities America, Inc.
SMBC Nikko Securities America, Inc. is a member of SMBC Group, one of the world’s largest global financial institutions. Based in New York City, SMBC Nikko Securities America, Inc. provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. SMBC Nikko Securities America, Inc. caters to institutional investors such as mutual funds, hedge funds, and other investment advisors.
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 140 offices and 86,000 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 June 30, 2021, its total assets were $2.11 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 Corp. (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.
Media Relations Contact:
Mina Takahashi
+1 212-756-5593
mina_takahashi@smbcgroup.com