Sumitomo Trust, Daiwa Bank to set up new bank

Sumitomo Trust, Daiwa Bank to set up new bank

TOKYO, Japan - Atsushi Takahashi (L), president of Sumitomo Trust and Banking Co., and Takashi Kaiho, president of Daiwa Bank, shake hands at a news conference in Tokyo on Nov. 9 after announcing the two banks will jointly establish around next October a new trust bank that will provide back-office services for trust assets from institutional investors.

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  • ILEA000003202
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  • Kyodo / Kyodo News Images
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