Sumitomo Mitsui expanding in fund admin

Mar 20, 2013

Following its purchase of Daiwa Securities' hedge fund administration unit, Sumitomo Mitsui Trust Bank is building its fund servicing business into a global platform.

Sumitomo Mitsui Trust Bank, Japan's biggest trust bank, is expanding operations in Hong Kong, New York and Luxembourg to build on its acquisition of Daiwa Securities’ hedge-fund administration and trustee business.

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