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JV between UBS AG and Sumitomo Mitsui Trust Holdings launches in Japan

UBS SuMi TRUST Wealth Management Co., Ltd. announced that it has launched operations in Tokyo, Osaka, and Nagoya — with Tokyo being the headquarters, according to a Tuesday announcement from the firm. The joint venture between UBS AG and Sumitomo Mitsui Trust Holdings (SMTH) is the first to be formed by a global financial group and a Japanese trust bank….

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