NEW YORK–(BUSINESS WIRE)–SMBC, a member of SMBC Group, announced today the appointment of Scott L. Flood as Managing Director and U.S. General Counsel of the company and General Counsel of SMBC Americas Holdings, Inc. (SMBCAH), its U.S. bank holding company.
In this role, Scott will be responsible for overseeing the legal function for SMBC Group across the Americas, advising the Board and other senior executives on legal and regulatory issues. Scott will succeed in this role William Haney, who is retiring and will serve in an advisory capacity through the transition.
“We are very pleased and excited to have Scott join the company,” said Hiro Hyakutome, CEO of SMBC Americas Division as well as President & CEO of SMBCAH. “Scott brings to our organization a significant depth of experience overseeing the Legal functions for sales and trading businesses in his prior roles and is the ideal fit for this position.”
Scott joins SMBC from Citigroup, where he was a Managing Director and General Counsel of the Markets & Securities Services legal team. In this role, Scott led a global team, supporting sales and trading businesses, including fixed income, currencies and commodities, equities, derivatives, structured and other securitized products, municipals, prime brokerage, agency lending, and global custody. He has also served as General Counsel and Corporate Secretary of Citigroup Global Markets Inc., and advised treasury, risk, compliance, operations, human resources, and financial reporting departments on legal, regulatory, employee, and credit matters.
Prior to joining Citigroup, Scott was with White & Case, and was a law clerk in the U.S. District Court for the District of Massachusetts. He earned his B.A.in economics from Amherst College, and his J.D. from Harvard Law School. Scott is admitted to practice in New York and Massachusetts and is active on several industry committees.
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 130 offices and 85,000 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 December 31, 2020, its total assets were $2.25 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 Corporation (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.
