Moelis Sumitomo alliance

Moelis says Sumitomo relationship going “extremely well”

Rick Leaman, managing partner of Moelis & Company, says the Sumitomo Mitsui Banking Corporation tie-up is going well and the firm is planning to add platforms to its asset management business.
<div style="text-align: left;"> The tie-up gives Moelis access to SMBC's Japanese client base </div>
<div style="text-align: left;"> The tie-up gives Moelis access to SMBC's Japanese client base </div>
May 10, 2012

In January this year, Sumitomo Mitsui Banking Corporation (SMBC) paid $93 million for a 5% stake in Moelis & Company, an advisory firm. The deal came with a strategic alliance agreement under which Moelis would provide global advice for Japanese clients of SMBC and its securities arm SMBC Nikko. In return, SMBC and SMBC Nikko would provide Moelis access to their Japanese clients.

¬ Haymarket Media Limited. All rights reserved.

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