CLOSE
CLOSE
SMBC Nikko Capital Markets Limited (SMBC Nikko) is headquartered in London. Our activities include trading an extensive range of over-the-counter derivative contracts.
| Business | Investment banking |
| Establishment date | August 1989 and securities business launched in October 2010 |
| President and CEO | Antony Yates |
| Head office | 100 Liverpool Street, London, EC2M 2AT, United Kingdom |
| Network | Head office in London. Subsidiaries in London and Hong Kong |
| Number of employees | 44 secondees from SMBC BI (as of 7 October 2024) |
| Auditor | KPMG LLP |
| Main services | Derivative products |
Information correct as of 7 October 2024 unless otherwise stated.
| Sumitomo Mitsui Financial Group (SMFG) | |
| ↓ 100% ↓ | |
| Sumitomo Mitsui Banking Corporation | SMBC Nikko Securities Inc |
| ↓ 85% ↓ | ↓ 15% ↓ |
| SMBC Nikko Capital Markets Limited | |
|---|---|
| ↓ 100% ↓ | |
| SMBC Derivative Products Limited | SMBC Capital Markets Asia Limited |
In October 2024, following the completion of the transfer of the securities business from SMBC Nikko to SMBC Bank International plc (SMBC BI), the SMBC Nikko Abu Dhabi Global Market (ADGM) financial centre has ceased marketing and once local legal obligations have been met the branch will close. SMBC BI has established a new ADGM branch to support Middle Eastern clients previously managed by SMBC Nikko.
SMBC Derivative Products Limited (SMBC DP) is a UK incorporated company, authorised and regulated by the Financial Conduct Authority, which is a 100% owned subsidiary of SMBC Nikko London.
SMBC DP deals in sold options – principally interest rate caps, as well as swaptions, foreign exchange options and floors – and provides credit enhancement guarantees to clients in respect of their sold options on derivatives transactions with SMBC Nikko London and SMBC Capital Markets Inc in New York.
SMBC DP is maintained as a ring-fenced entity in order to retain its high credit rating, which is a requirement of certain customers.
| SMBC DP | |
|---|---|
| Moody's | Aa1 |
| S&P | AA- |
Ratings correct as of 31 March 2021.
SMBC Capital Markets Asia Limited is domiciled in Hong Kong and undertakes derivative business on an agency basis. It is 100% owned by SMBC Nikko London and is part of the SMBC Capital Markets Group, which also includes SMBC Nikko London, SMBC Derivative Products Limited, and SMBC Capital Markets Inc located in New York. Together, these entities market and trade derivative products on an integrated basis throughout the world.