Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion.

“It’s natural to see locally hired foreign managers becoming the majority in a few years,” Miyata, 61, said in an interview in Tokyo on Dec. 19. “We can’t just take our Japanese brains there like we’ve been doing for a long time.”

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