Sumitomo Mitsui Banking (SMBC), Barclays Wealth and Nikko Cordial Securities (Nikko), the securities subsidiary of SMBC, have announced a wealth management joint venture in Japan.  The JV will be called SMBC Barclays Wealth Division and will operate out of Nikko, using the company’s operational platform. The JV will complement SMBC’s corporate banking and consumer banking. In the arrangement, SMBC will refer clients…

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