Sumitomo Mitsui Trust said to ally with Raymond James in U.S.

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Sumitomo Mitsui Trust Group is reportedly partnering with Raymond James Financial to expand its U.S. operations. This collaboration will allow Sumitomo Mitsui Trust to access Raymond James’s client base for M&A funding, sell Japan-related investment products to wealthy individuals, and explore joint ventures in asset management, finance, and real estate. An official announcement from Sumitomo Mitsui Trust is expected soon.

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