SMBC Group nominates Yoshihiro Hyakutome to Jefferies board; plans to increase stake to 20%

Jefferies Financial Group Inc.

Yoshihiro Hyakutome, Deputy President & Co-Head of SMBC Global Business Unit, nominated to Jefferies board, replacing Toru Nakashima.
Nakashima, CEO of SMBC Group, served since August 2024; will serve until end of his term.
SMBC intends to increase economic ownership of Jefferies to up to 20% by purchasing ~13 million shares in open market, pending regulatory approvals.
Jefferies board unanimously approved Hyakutome for director nominee slate; election at upcoming annual meeting.
Japan equities joint venture with SMBC is planned to commence operations in January 2027.

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