The Japan-based Sum
Sumitomo Mitsui Trust Group is the fourth largest bank in Japan (in terms of market capitalization and corporate loans) and Japan’s largest financial institution managing assets of $682 billion with assets under custody of $1.8 trillion as of September 2014. “(It) will help the company tap new growth opportunities and expand our existing business,” CEO Sam Ghosh said in a statement.
Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial and home finance, stock-broking, wealth management services, distribution of financial products, asset reconstruction, proprietary investments and other activities in financial services. (IANS)