SINGAPORE (June 7): Swiss private bank UBS has formed a joint venture with Japan’s Sumitomo Mitsui Trust Holdings, Inc (SuMi Trust Holdings) to form the first-ever wealth management partnership developed between an international financial group and a Japanese trust bank.
The joint venture will open UBS's current wealth management customer base to a full range of Japanese real estate and trust services.
SuMi Trust Holdings' clients will be able to access UBS's leading wealth management services, including securities trading, research, and advisory capabilities.
