Sumitomo Mitsui Trust Holdings
#1143
Rank
$16.48B
Marketcap
Japan
Country
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)
Summary
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
Vision
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
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
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)