Japan's SMFG brokerage arm to set up office in Abu Dhabi

Japan's SMFG brokerage arm to set up office in Abu Dhabi

A general view of the Abu Dhabi skyline is seen, in this file photo taken on December 15, 2009. REUTERS/Ahmed Jadallah

The brokerage arm of Japan’s Sumitomo Mitsui Financial Group (SMFG) plans to set up an office in Abu Dhabi as it seeks to tap the $80 billion debt capital market (DCM) in the Middle East, its chief executive said.

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