Sumitomo Mitsui Trust Holdings
 |
|
| Public KK | |
| Traded as | : |
| Industry | Financial services |
| Founded | 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 |
| JPY 83.7 billion (FY 2014) | |
| Total assets | JPY 45.7 trillion (Dec. 2014) |
|
Number of employees
|
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.
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.
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