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Sumitomo Mitsui FG to offer integrated wealth management services

Original: 三井住友フィナンシャルグループ

Sumitomo Mitsui Financial Group is moving to provide integrated proposals for wealthy clients covering asset management and succession planning. The group's banking, securities and trust units will work together to offer coordinated services, according to a Jiji Press report carried on Yahoo Finance. The move reflects growing competition among Japanese financial groups to capture high-net-worth business amid Japan's major generational wealth transfer.

Why now: Interest in how major Japanese banks are reorganising to capture wealth management and succession business from affluent clients

Sumitomo Mitsui Financial GroupSumitomo Mitsui Banking CorporationSMBC Nikko SecuritiesSumitomo Mitsui Trust

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