NEW YORK, Aug. 31, 2021 /PRNewswire/ -- DirectBooks,
the capital markets consortium founded to optimize global financing
markets, today announced that SMBC Nikko Securities America, Inc.
(SMBC Nikko), a member of SMBC Group, one of the world's largest
global financial institutions, has joined the DirectBooks platform.
This addition increases the DirectBooks underwriter community to
"DirectBooks is pleased to welcome SMBC Nikko, a top-tier
global investment banking firm, to our growing community of
underwriters," said DirectBooks CEO, Rich
Kerschner. "We look forward to working with them as we
expand our market coverage and services around the world."
Bungo Miura, President of SMBC Nikko Securities America, said
"It is our pleasure to be a part of DirectBooks' underwriter
community. Our top priority is to provide the best support to our
clients all over the world. This is a good example of SMBC Nikko's
following its deeply held values of service and dedication."
"We are excited to join the DirectBooks platform, another step
in affirming our commitment to client service and dedication. The
platform's modern technological approach to the new issue process
will enable us to best support our global client base," added
Jonathan Anderson, Managing Director
and Head of Debt Syndicate, SMBC Nikko.
DirectBooks is simplifying the primary issuance process for
fixed income by streamlining the communications workflows for
underwriters and institutional investors. The platform is live with
deal announcement functionality for U.S. Dollar, Euro and Sterling
Investment Grade issuances globally. The communications
functionality for order and allocation information, hedging
instructions and final deal documentation will be added this year.
The platform will further expand to include Emerging Markets
coverage and High Yield issuances.
DirectBooks leverages its technology
expertise and market knowledge to optimize global financing
markets. DirectBooks simplifies the primary issuance process for
fixed income by streamlining communications workflows for
underwriters and institutional investors. DirectBooks was formed by
9 global banks, consisting of Bank of America (NYSE:BAC), Barclays
(NYSE:BCS), BNP Paribas (FR:BNP), Citi (NYSE:C), Deutsche Bank
(NYSE:DB), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM), Morgan
Stanley (NYSE:MS), Wells Fargo (NYSE:WFC). A complete list of
participating underwriting firms can be found on our website. For
additional information, please visit www.DirectBooks.com.
About SMBC Nikko Securities America, Inc.
Securities America, Inc. is a member of SMBC Group, one of the
world's largest global financial institutions. Based in
New York City, SMBC Nikko
Securities America, Inc. provides investment securities and other
financial services to corporate and institutional clients, focusing
on North America and Latin America. SMBC Nikko Securities America,
Inc. caters to institutional investors such as mutual funds, hedge
funds, and other investment advisors.
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 140 offices and 86,000 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
June 30, 2021, its total assets were
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.
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