• Kyodo

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Sumitomo Mitsui Trust Holdings Inc. Deputy President Kunitaro Kitamura is expected to succeed President Kazuo Tanabe in April, company sources said Monday.

Tanabe, 66, will likely become an adviser to the new trust bank to be created in April through a merger of group firms Sumitomo Trust & Banking Co., Chuo Mitsui Trust and Banking Co. and Chuo Mitsui Asset Trust and Banking Co., the sources said.

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