Nobuyuki Kawabata was appointed Managing Executive Officer and Deputy Head of the International Banking Unit of Sumitomo Mitsui Banking Corporation (SMBC) on April 1, 2019. He had been CEO of the Americas Division and Managing Executive Officer of SMBC since April 1, 2016, and was appointed Managing Executive Officer of Sumitomo Mitsui Financial Group (SMFG) on April 1, 2017.
Prior to his recent appointment, Mr Kawabata was Director and General Manager, Planning Department, with responsibility for corporate planning for SMBC’s Americas Division, a position he held since April 2014. He was promoted to General Manager of the Planning Department, Americas Division, in April 2010. During 9 years, the Americas Division has tripled its revenue and expanded new business including full scale of Broker Dealer (Nikko America), acquired Aircraft Leasing from RBS and Railcar Leasing from Perella Weinberg Partners.
Mr Kawabata was previously Joint General Manager of Planning for International Banking Unit in Tokyo where he focused on SMBC’s international strategic direction including alternative investment (and introduced Hedge Fund / PE Fund to start in Tokyo) and alliances with Bank of East Asia in Hong Kong and Kookmin Bank in South Korea.
Mr Kawabata came to New York in June 2000. As Senior Vice President of Planning for the Americas Division, he planned business strategy and headed the Tax Department of the Americas Division. His achievements include US tax exempt merger of Sakura Bank and Sumitomo Bank to form SMBC; the establishment of Sumitomo Mitsui Financial Group (SMFG), a holding company of which SMBC is a wholly-owned subsidiary; the merger of Wakashio Bank, and an advanced pricing agreement with the New York Branch and Tokyo head office.
Prior to coming to New York, Mr Kawabata had been stationed in Tokyo. In July 1998, he was assigned Team Leader of Planning for the Capital Markets Group. Over the course of two years, he helped to engineer the formation of DLJDirect SFG Securities, a joint venture with Donaldson, Lufkin & Jenrette that established one of the first online discount brokerage firms in Japan; a joint venture with Daiwa Securities to form Daiwa Securities SMBC, a principal investments together with fund of Hedge Funds; and the negotiation of the tax exempt transaction of Sumitomo Bank Capital Markets’ interests in Goldman Sachs at the time of Goldman’s IPO.
In April 1991, Mr. Kawabata was appointed Manager and later Vice President of the Bank’s International Planning Department where he focused on strategising overseas capital market activities and international new business. He oversaw the expansion of the Bank’s securities business in Europe, the first appearance of a Japanese bank into hedge funds, and the execution of the functional reorganisation of the Bank’s US and European operations.
Mr Kawabata joined Sumitomo Bank, a predecessor of SMBC, in 1986 as a marketing officer in the Bank’s Marunouchi Branch at Tokyo, where he focused on middle market clients.
Mr Kawabata was born in Hyogo Prefecture, Japan, in 1963. He holds a B.A. degree in Tokyo University of Foreign Studies.