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SMBC Trust Bank names new president

SMBC Trust Bank Ltd. named Fumiaki Kurahara its new president, effective June 19.

Kurahara, a director of Sumitomo Mitsui Financial Group Inc., will replace Hidetoshi Furukawa, who will become chairman of the bank at the same time.

SMBC Trust Bank is a unit of Sumitomo Mitsui Financial Group.