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SMBC appoints new transaction banking COO

Sumitomo Mitsui Banking Corporation (SMBC) today announced the appointment of Sridhar Srinivasan as the newly established Transaction Banking Chief Operating Officer, Asia Pacific, effective immediately. The appointment underscores the bank’s strategic commitment to delivering cutting-edge, seamless transaction banking services by enhancing client experience, efficiency and innovation across Asia Pacific and global markets.

Based in Singapore, Sridhar will oversee and strengthen end-to-end transaction banking capabilities. He will be responsible for driving initiatives focused on client experience and operational excellence. In his role, Sridhar will work closely with Mr. Shinichiro Yamazaki, Head of Global Transaction Banking Department Asia Pacific, and partner IT and Operations.

Sridhar brings more than two decades of financial services experience including Citigroup, Standard Chartered and Accenture, leading large-scale digital and data-driven transformations across global markets. He is recognized for designing and delivering comprehensive transaction banking solutions, business architecture and agile transformation, which are key pillars of SMBC’s next-generation banking platform.

“I’m honored to join SMBC at such a pivotal moment for the transaction banking business. The opportunity to shape a robust and agile operating model that supports the bank’s ambitious growth plans is incredibly exciting. I look forward to working with our talented teams to drive innovation and elevate our client experience across the region and beyond,” said Sridhar.

Mr. Satoshi Takahara, General Manager of Global Transaction Products Development Department in Tokyo to whom Sridhar reports, commented, “The creation of this role and Sridhar’s appointment signal our unwavering commitment to strengthening our transaction banking capabilities. With his deep expertise in complex banking transformations across global markets, he will be instrumental in building future-ready capabilities that deliver seamless client-centric services aligned with evolving needs.”

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