For the new Sumitomo Mitsui, integration begins abroad
Merging the asset-management businesses in Hong Kong and London will precede the combination of Sumitomo Trust & Banking and Chuo Mitsui Trust into Asia’s biggest asset manager.
![For the new Sumitomo Mitsui, integration begins abroad](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2F20110601065115_images.jpg&c=1&h=677&q=100&v=20254816&w=1204)
On paper, Sumitomo Mitsui Trust Group came into being in April this year and manages ¥64 trillion ($786 billion) of assets, making it the single biggest manager of assets sourced from Asia-Pacific.
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