Koichi Miyata, chairman of Sumitomo Mitsui Banking Corporation, who has served as president of Sumitomo Mitsui Financial Group, a major financial company, has passed away.
I was 67 years old.
Koichi Miyata joined Sumitomo Mitsui Banking Corporation in 1976, and after working as managing director of Sumitomo Mitsui Banking Corporation, became president of Sumitomo Mitsui Financial Group, a holding company, in 2011.
During this time, before the subprime mortgage crisis became more serious in the United States, we quickly grasped the situation and promoted the sale of related securitized products to minimize losses.
After that, he promoted business expansion overseas and was the chairman of Sumitomo Mitsui Banking Corporation from 2017, but Mr. Miyata died of pancreatic cancer on the afternoon of the 24th.
I was 67 years old.
With the death of Mr. Miyata, the chairman of the holding company, Takeshi Kunibe, will also serve as the chairman of the bank, subject to the approval of the relevant authorities.