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