SMBC joins DirectBooks

Dan Barnes

DirectBooks, the capital markets consortium founded to make bond issuance more efficient, has seen SMBC Nikko Securities America, a member of SMBC Group, join the DirectBooks platform. This addition increases the DirectBooks underwriter community to sixteen firms.

“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.

Sources have reported that DirectBooks is expected to roll out new functionality within the next month to better support the exchange of information in bond issuance, beyond the current level. DirectBooks did not respond directly for a request for comment.

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