Sumitomo Mitsui Trust Holdings, Inc. 三井住友トラスト・ホールディングス株式会社
Company type
Public (KK)
Traded as
TYO: 8309
Industry
Financial services
Founded
2002; 22 years ago (2002) (as Chuo Mitsui Trust Holdings, Inc.)
Headquarters
Tokyo
,
Japan
Area served
Worldwide
Key people
Kazuo Tanabe (President)
Services
Personal banking Corporate banking Asset management Investment management
Net income
JPY 83.7 billion (FY 2014)[1]
AUM
US$624 billion (2023)[2]
Total assets
USD$989.7 billion (March 2022)[3]
Number of employees
21,113 (2015)
Website
smth.jp/en
Sumitomo Mitsui Trust Holdings, Inc. (三井住友トラスト・ホールディングス株式会社, Mitsui Sumitomo Torasuto Hōrudingusu Kabushiki Gaisha), formerly Chuo Mitsui Trust Holdings, Inc., is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides an assortment of financial products to retail and wholesale customers, with a focus on asset management, financial brokerage, and real estate services.[4]
Its main operating company is Sumitomo Mitsui Trust Bank, Limited (三井住友信託銀行株式会社, Mitsui Sumitomo Shintaku Ginkō Kabushiki Gaisha), which is the largest trust company and the fifth-largest bank in Japan measured by assets.
The company has no capital relationship with the Sumitomo Mitsui Financial Group; the two banking groups are similarly named because both are descended from the historical Sumitomo and Mitsui conglomerates.
There is just a weak control relationship between Sumitomo Mitsui Trust Holdings and Sumitomo Mitsui Financial Group. In fact SM Trust Holdings controls about 66% of Japan Trustee Services Bank. As of March 31, 2017, SM Financial Group's website reports that Japan Trustee Services Bank owned 5.50% of Sumitomo Mitsui Financial Group, but also 1.52% from trust location n. 1 (信託口1), 1.50% from trust location n. 2 (信託口2), 2.05% from location n. 5 (信託口5), 1.36% from trust location n. 7 (信託口7), and 1.85% from trust location n. 9 (信託口9) as well.[5]
^"Status of Profit and Loss". Sumitomo Mitsui Trust Holdings, Inc. Retrieved 24 April 2015.
^"asset managers in Asia ($624bn AUM*)". sumitrust-am.com. 1 February 2023.
^"World's Top Asset Management Firms 2022". www.advratings.com. Retrieved 2022-06-03.
^"Outline of Business". Sumitomo Mitsui Trust Holdings, Inc. Retrieved 24 April 2015.
^"Shareholding percentage". Sumitomo Mitsui Trust Holdings, Inc. Retrieved 31 March 2017.
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