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Prudential Portfolio Managers get Japanese trading licence


Prudential Portfolio Managers Japan has been awarded a discretionary fund management licence to operate in the Japanese market


The company will commence trading in the Japanese market from its base in Tokyo which it opened last year.


The Tokyo office&#39s team of eleven staff will have worldwide responsibility for the management of all PPM&#39s Japanese equities.


PPM Japan managing director Toru Ueda says: &#34We are currently preparing the application for an investment trust licence which will allow us to establish domestic unit trusts for the wholesale and retail market.&#34

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