Singapore, February 2026 — SMBC Group has announced the appointment of Salim Zaman as Global Head of Foreign Exchange (FX). Based in Singapore, he will lead the firm’s global FX business while continuing in his role as Co-Head of Global Markets and Treasury in Asia.
In this expanded mandate, Zaman will drive the bank’s global FX strategy across entities and enhance the delivery of integrated solutions to clients worldwide. His leadership is expected to strengthen SMBC’s global trading capabilities and reinforce its position as a trusted partner to corporate and institutional clients.
He will work closely with regional leadership teams to manage resources for the global FX business, including sourcing, developing, and retaining talent to build a strong and sustainable FX platform that supports long-term growth. His appointment underscores the bank’s commitment to strengthening its global markets capabilities and expanding FX solutions for its global client base.
Zaman has been with Sumitomo Mitsui Banking Corporation (SMBC) Asia Pacific for over five years, currently serving as Executive Officer and Co-Head, Global Markets and Treasury Department, Asia Pacific Division. He also holds the position of Managing Director and Co-General Manager, Global Markets and Treasury Department, APAC Division, and earlier served as General Manager, Head Sales and Trading, APAC and East Asia, Global Treasury, where he played a key role in strengthening regional markets operations and trading capabilities.
Prior to joining SMBC, Zaman spent more than two decades at Citi, where he held several senior leadership roles. As APAC Head of FX Investor Sales, he managed a sales team across Asia Pacific, including Japan, delivering FX products to asset managers, insurance companies, central banks, sovereign wealth funds, private banks, and broker-dealers. Earlier, as APAC Head of FXLM Banks Sales, he established and expanded the FXLM banks sales business across the region and led the rollout of eCommerce product offerings across multiple Asian markets.
About SMBC Group
SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history. The Group offers a broad range of financial services including banking, leasing, securities, credit cards, and consumer finance. With more than 150 offices and approximately 120,000 employees across nearly 40 countries, the Group maintains a strong global presence.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group and is one of the three largest banking groups in Japan. SMFG shares are listed on the Tokyo and Nagoya stock exchanges, and its ADRs are traded on the New York Stock Exchange (NYSE: SMFG).
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