SMBC Nikko Securities America, Inc., a member of SMBC Group, announced that J.T. Cacciabaudo has joined the firm as head of the Equity Execution Services Group.
In this new role, J.T. will be responsible for combining and coordinating the marketing of the firm’s Japanese and U.S. equity trading expertise to help further maximize equity commission revenues.
The establishment of the Equity Execution Services Group and hiring of J.T. reflects SMBC Group’s efforts to make strategic investments in its institutional equity business within SMBC Nikko Securities America, Inc., with a keen focus on expanding its capabilities and presence in the U.S. equities market.
In addition to J.T., the firm hired two senior U.S. equity traders earlier this year, Dominick Tarantino, Executive Director, and John Twomey, Executive Director. Along with the current team, SMBC Nikko Securities America, Inc. has created a strong and experienced platform for continued growth in the U.S. equities business.
The group will target both high- and low-touch electronic trading relationships for continued growth of the firm’s Japanese equity liquidity pool with North American clients, as well as the build-out of U.S. liquidity with global clients. The team will also work closely with Equity Capital Markets to expand the existing U.S. equity share re-purchase programs and current At-the-Market (ATM) offerings with their corporate client base.
“Our senior leadership teams in the Americas and Tokyo Head Office welcome J.T. to the team and are excited to have him join the firm. We are confident this group, and the team he helps put together, will provide additional value to our clients and to SMBC Group shareholders,” said Masahito Nonaka, Deputy President of SMBC Nikko Securities America, Inc.
“J.T. brings extensive experience in cultivating a broad base of client relationships that goes well beyond the traditional long-only asset manager and hedge fund communities. The formation of the Equity Execution Services Group, and the addition of J.T., demonstrates our commitment to execute on the firm’s strategic expansion plans and provide high-quality service to our growing mix of institutional and corporate clients,” said Trevor Hill, Global Head of Equity for SMBC Nikko Securities, Inc.
J.T. started his career at Citigroup, where he spent 15 years. At Citigroup, J.T. garnered experience with both risk and distribution, having served as the Co-Head of U.S. Cash Equity Trading followed by his role as Managing Director of Global Equity Sales Trading. Over the last decade, J.T. was the Head of Equity Trading and Sales Trading at Sterne, Agee and most recently Head of Execution and Sales for U.S. Equities at Macquarie Capital.
J.T. earned a Bachelor of Arts in international economics from the University of Richmond.
About SMBC Nikko Securities America, Inc.
SMBC Nikko Securities America, Inc. is a member of SMBC Group, one of the world’s largest global financial institutions. Based in New York City, SMBC Nikko Securities America, Inc. provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. SMBC Nikko Securities America, Inc. caters to institutional investors such as mutual funds, hedge funds, and other investment advisors.
About SMBC Group
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 140 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. As of March 31, 2021, its total assets were $2.10 trillion.
In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corporation (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.