When the pie stops growing

Dec 16, 2009

Sumitomo Trust & Banking stakes growth in a mature pensions market on structuring fund products around its prop-desk activity.

The head of a global asset-management business with a significant presence in Japan was asked what competitors he's looking out for. He didn't take long to think about it: "Sumitomo Trust & Banking is going to be a major player in the Asian market."

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