Sumitomo Mitsui to buy London-based asset manager TT International

Sumitomo Mitsui to buy London-based asset manager TT International

Pedestrians walk past a Sumitomo Mitsui Banking Corp. branch in Tokyo, Japan, on Monday, Jan. 26, 2015. Photographer: Tomohiro Ohsumi/Bloomberg

Sumitomo Mitsui Financial Group will acquire London-based asset manager TT International, seeking to leverage the company’s expertise in emerging-market equities to attract Japanese investors hamstrung by low domestic returns.

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