Sumitomo Mitsui invests in Wall Street's Moelis & Company

For the second day in a row, Sumitomo Mitsui Financial Group announces an investment in a business that builds its advisory capabilities.
Ken Moelis
Ken Moelis

Sumitomo Mitsui Financial Group is on the prowl. The Japanese lender said yesterday that it will invest $93 million in independent investment bank Moelis & Company, just a day after it agreed to pay $7.3 billion for Royal Bank of Scotland’s aviation group.

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