SuMi Trust pares asset services in HK: sources
The firm's head of sales and senior manager of business development for Asia ex-Japan in the global asset services unit both left last month. All of their functions have been transferred to Tokyo, say sources.
SuMi Trust, Japan’s biggest trust bank, has closed its asset services business in Hong Kong and transferred those functions to Tokyo, say sources.
Joost Lobler, former Asia ex-Japan head of sales, and Alvin Chan, former senior manager of client relationships and business development for Asia ex-Japan, left the global asset services unit in late July, AsianInvestor has learned.
Lobler set up the asset services business for Daiwa Securities three-and-a-half years ago, before Sumit…
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