Sumitomo Mitsui Trust Said to Shut Hong Kong Branch by June 2026

Sumitomo Mitsui Trust Said to Shut Hong Kong Branch by June 2026

Sumitomo Mitsui Trust Bank Ltd. plans to close the lender’s Hong Kong branch by June 2026 and move most of its client operations to the Singapore office, according to people familiar with the matter.

Sumitomo Mitsui Trust to Reportedly Close Hong Kong Branch

Japan-based Sumitomo Mitsui Trust is reportedly shutting its Hong Kong branch and moving operations to rival hub Singapore. Sumitomo Mitsui Trust Bank plans to close its Hong Kong branch by June 2026, according to a «Bloomberg» report citing unnamed sources. It will move most of its client operations to Singapore. The Hong Kong branch opened in August 2013 as the Japanese lender’s first post-merger foreign office. It covers Northeast Asia client…

Sumitomo Mitsui Trust said to shut Hong Kong branch by June 2026

SUMITOMO Mitsui Trust Bank plans to close the lender’s Hong Kong branch by June 2026 and move most of its client operations to the Singapore office, according to people familiar with the matter.