Business Services Industry
Japan bank SMBC may accept workers from Daiwa Securities as sales agents.
Knight Ridder/Tribune Business News, October, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Oct. 1--TOKYO -- Sumitomo Mitsui Banking Corp. may accept some 30 workers from Daiwa Securities Group Inc. as banks will be allowed to act as sales agents for brokerages from December, sources at the bank said Friday.
With the new workers, SMBC plans to set up a section within its investment banking division in December to sell foreign-currency bonds and other financial products developed by Daiwa Securities, they said, adding the move will help SMBC improve its asset management services for corporate clients.
To see more of Kyodo News International, go to reprints@krtinfo.com.
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