SUTNY Sumitomo Mitsui Trust Holdings Inc (PK)

4.66

0.01 (0.22%)

07 Jun 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Sumitomo Mitsui Trust Holdings Inc (PK)	USOTC:SUTNY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.01	0.22%	4.66	4.54	4.76	4.68	4.645	4.66	63,712	21:03:30

Sumitomo Mitsui Trust Holdings: To Form Tie-Up With UK's NewSmith

14/12/2011 2:02am

Dow Jones News

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Sumitomo Mitsui Trust Holdings Inc. (8309.TO) said Wednesday that it will buy a 40% stake in an investment fund run by U.K.-based NewSmith Capital Partners LLP for about Y4.2 billion.

Japan's leading trust bank will invest in NewSmith LLP, an investment fund run by asset management and advisory firm NewSmith Capital Partners, through a U.K. subsidiary of Sumitomo Trust & Banking Co.

The Japanese group said the tie-up will help Sumitomo Trust to gain a foothold in the global asset management business, while it will also help the U.K. asset manager to expand its network outside of Europe.

-By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792; atsuko.fukase@dowjones.com