Sumitomo Trust & Banking Co., Ltd.
 |
|
| Public KK | |
| Traded as | : |
| Industry | Financial services |
| Founded | 2002 (as Chuo Mitsui Trust Holdings, Inc.) |
| Headquarters | Tokyo, Japan |
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Area served
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Worldwide |
|
Key people
|
Kazuo Tanabe (President) |
| Services |
Personal banking Corporate banking Asset management Investment management |
| JPY 83.7 billion (FY 2014) | |
| Total assets | JPY 45.7 trillion (Dec. 2014) |
|
Number of employees
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21,113 (2015) |
| Website | smth |
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 solutions and financial products to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate services.
Its main operating company is Sumitomo Mitsui Trust Bank, Limited ( 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.
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.
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