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Sumitomo Mitsui Trust Holdings

#1108

Rank

$16.7B

Marketcap

JP Japan

Country

Sumitomo Mitsui Trust Holdings
Leadership team

Mr. Toru Takakura (Pres, Representative Exec. Officer & Director)

Mr. Nobuaki Yamaguchi (Sr. Managing Exec. Officer of Financial Planning Department & Director)

Mr. Akimichi Oi (Director of Investment Management Division)

Products/ Services
Finance, Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Tokyo, Tokyo, Japan
Established
2002
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
8309.T
URL
https://www.smth.jp
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
Sumitomo Mitsui Trust Holdings, Inc. operates as a trust bank in Japan and internationally. It offers supervising services for management strategies, and financial and human resource management; and general affairs, business process, corporate administration, operational process, risk, and compliance management services; and internal auditing services. The company also provides real estate brokerage, investment management, and investment advisory services for individual and corporate clients; high-level professional consulting services; loan guarantees and payment collection agency services; issuing credit cards; internet banking; securities administration and credit card services; and advanced financial instruments, such as leasing and credit services, and credit card financing services, as well as mortgage loans and managing private equity funds and related advisory services. In addition, it offers back-office services, such as business management and system administration for stock transfer agencies; clerical works, including managing shareholders registry and special accounts; custody and fund administration services; stock transfer agency services; asset management services; and retail total solution, marketing, and fiduciary services, as well as system development and maintenance. Further, the company provides facilities management, clerical work outsourcing, and leasing of buildings; consulting services related to digital transformation, data-analytics, and a range of research and studies; and evaluation of mutual funds, discretionary investment funds, and insurance products, as well as engages in trustee and temporary staffing businesses. The company was formerly known as Chuo Mitsui Trust Holdings, Inc. and changed its name to Sumitomo Mitsui Trust Holdings, Inc. in 2011. Sumitomo Mitsui Trust Holdings, Inc. was founded in 1924 and is headquartered in Tokyo, Japan.
History

Chuo Mitsui

SMT's earliest predecessor was The Mitsui Trust Company, Limited, established in March 1924 with capital of 30 million yen. In March 1948, it changed its name to The Tokyo Trust & Banking Co., Ltd. It changed its name again to The Mitsui Trust and Banking Company, Limited in 1952.The Chuo Trust & Banking Co., Ltd. was established in May 1962 with capital of 2.5 billion yen and support from Tokai Bank, Dai-Ichi Bank, Industrial Bank of Japan and other financial institutions. It took over Tokai and Dai-Ichi's trust businesses as well as the stock transfer agency business of Japan Securities Agents, Ltd. It acquired the Honshu operations of Hokkaido Takushoku Bank in 1998.Mitsui Trust and Chuo Trust signed a merger agreement in May 1999 and completed their merger in April 2000, becoming The Chuo Mitsui Trust and Banking Company, Limited . In 2001, Chuo Mitsui announced its plans to establish a new bank holding company known as Mitsui Trust Holdings, Inc., which was formed in February 2002. It changed its name to Chuo Mitsui Trust Holdings, Inc. in 2007.

Sumitomo Trust

Sumitomo Trust Co., Ltd. was founded in July 1925 with capital of 20 million yen and its headquarters in Awajicho, Osaka. It changed its name to Fuji Trust & Banking Co., Ltd. in 1948 and adopted the name The Sumitomo Trust and Banking Co., Ltd. in 1952. In 1962 it moved its headquarters to the Sumitomo Building in Kitahama, Osaka.

Merger

Chuo Mitsui agreed to merge with The Sumitomo Trust and Banking Co., Ltd. in November 2009, and formed a holding company, Sumitomo Mitsui Trust Holdings, Inc., by a share exchange between Chuo Mitsui and Sumitomo Trust in April 2011. The three main trust banks under this holding company merged in April 2012 to form Sumitomo Mitsui Trust Bank, Limited. SMTB became the largest trust bank in Japan and the fifth-largest commercial bank overall measured by assets.SMTB was fined for insider trading in 2012, after a Chuo Mitsui fund manager was found to have traded on information leaked from Nomura Securities regarding a 2010 share issuance by Mizuho Financial Group.

Mission
Based on the "Fiduciary Spirit" and with significant expertise and comprehensive capabilities, the Sumitomo Mitsui Trust Group will create distinct values by leveraging a new business model, combining its Banking, Asset Management and Administration, and Real Estate businesses, and will move onto the global stage as a leading trust bank group which boasts the largest and highest status in Japan.
Vision
Based on the "Fiduciary Spirit" and with significant expertise and comprehensive capabilities, the Sumitomo Mitsui Trust Group will create distinct values by leveraging a new business model, combining its Banking, Asset Management and Administration, and Real Estate businesses, and will move onto the global stage as a leading trust bank group which boasts the largest and highest status in Japan.
Key Team

Atsushi Matsumoto (Managing Exec. Officer of Corp. Admin. Department & Joint Corp. Secretariat)

Mr. Takeshi Sasaki (Sr. Mang.)

Mr. Jiro Araumi (Deputy Pres, Representative Exec. Officer & Director)

Mr. Yasuyuki Suzuki (Managing Exec. Officer of Risk Management, Compliance & Legal Department)

Masaya Yamashiro (Exec. Officer of IR Department)

Mr. Futoshi Itani (Sr. Managing Exec. Officer of HR Department)

Mr. Kazuya Oyama (Exec. Officer & Director)

Recognition and Awards
Sumitomo Mitsui Trust Holdings, Inc. has been recognized for its commitment to corporate governance, with the Tokyo Stock Exchange’s award for governance leadership in 2016. In 2017, the company was also named one of the five Global Diversity Leaders by the Global Diversity List 2017.
References

https://en.wikipedia.org/wiki/Sumitomo_Mitsui_Trust_Holdings

https://in.investing.com/equities/sumitomo-mitsui-trust-holdings

https://finance.yahoo.com/quote/SUTNY/profile?p=SUTNY

https://www.comparably.com/companies/sumitomo-mitsui-trust-holdings

https://www.crunchbase.com/organization/sumitomo-mitsui-trust-holdings

https://companiesmarketcap.com/

https://www.smth.jp

Sumitomo Mitsui Trust Holdings
Leadership team

Mr. Toru Takakura (Pres, Representative Exec. Officer & Director)

Mr. Nobuaki Yamaguchi (Sr. Managing Exec. Officer of Financial Planning Department & Director)

Mr. Akimichi Oi (Director of Investment Management Division)

Products/ Services
Finance, Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Tokyo, Tokyo, Japan
Established
2002
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
8309.T
URL
https://www.smth.jp
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