SMTB-Daiwa deal to bring fund-servicing synergies

Jul 9, 2012

Sumitomo Mitsui Trust Bank’s proposed purchase of Daiwa Securities’ hedge-fund admin and trustee business should provide it with access to new client segments.

SMTB-Daiwa deal to bring fund-servicing synergies

Sumitomo Mitsui Trust Bank’s move to buy Daiwa Securities’ hedge-fund administration and trustee business is expected to enable the division to tap a wider client base.

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