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Sumitomo Mitsui Trust
-5.55%
Financial services / Trust banking and financial services
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Sumitomo Mitsui Trust Holdings, Inc. (Sumitomo Mitsui Trust), commonly referred to as Sumitomo Mitsui Trust Group, is a Japanese company involved in banking, trust banking, and asset management. It is one of the largest financial institutions in Japan, ranking in the top ten in terms of total assets.
The company was formed in April 2011 as a result of the merger between The Sumitomo Trust and Banking Co., Ltd. and Chuo Mitsui Trust and Banking Co., Ltd. Both of these institutions have a long history, with Sumitomo Trust and Banking tracing its roots back to 1925 and Chuo Mitsui Trust and Banking to 1883.
Sumitomo Mitsui Trust offers a variety of financial services, including private banking, trust banking, global markets, and wealth management. It provides services to individuals, corporations, and institutional clients.
The company has a strong international presence, with offices and subsidiaries in countries such as the United States, United Kingdom, Singapore, and China. It is also part of the global financial network, The Sumitomo Mitsui Trust Group, which includes subsidiaries such as Sumitomo Mitsui Trust (U.S.A.) Limited and Sumitomo Mitsui Trust Bank (Europe) Ltd.
In addition to its financial services, Sumitomo Mitsui Trust is committed to responsible corporate citizenship and sustainable development. It has implemented various initiatives to support environmental conservation, promote diversity and inclusion, and contribute to the local communities where it operates.
Sumitomo Mitsui Trust is listed on the Tokyo Stock Exchange and is included in the Nikkei 225 index, one of the main stock market indices in Japan.
In summary, Sumitomo Mitsui Trust is a leading financial institution in Japan with a long history and strong international presence. It provides a range of financial services and is committed to responsible business practices.
The company was formed in April 2011 as a result of the merger between The Sumitomo Trust and Banking Co., Ltd. and Chuo Mitsui Trust and Banking Co., Ltd. Both of these institutions have a long history, with Sumitomo Trust and Banking tracing its roots back to 1925 and Chuo Mitsui Trust and Banking to 1883.
Sumitomo Mitsui Trust offers a variety of financial services, including private banking, trust banking, global markets, and wealth management. It provides services to individuals, corporations, and institutional clients.
The company has a strong international presence, with offices and subsidiaries in countries such as the United States, United Kingdom, Singapore, and China. It is also part of the global financial network, The Sumitomo Mitsui Trust Group, which includes subsidiaries such as Sumitomo Mitsui Trust (U.S.A.) Limited and Sumitomo Mitsui Trust Bank (Europe) Ltd.
In addition to its financial services, Sumitomo Mitsui Trust is committed to responsible corporate citizenship and sustainable development. It has implemented various initiatives to support environmental conservation, promote diversity and inclusion, and contribute to the local communities where it operates.
Sumitomo Mitsui Trust is listed on the Tokyo Stock Exchange and is included in the Nikkei 225 index, one of the main stock market indices in Japan.
In summary, Sumitomo Mitsui Trust is a leading financial institution in Japan with a long history and strong international presence. It provides a range of financial services and is committed to responsible business practices.
What is special about the company?
1. One of the oldest trust companies in Japan: Sumitomo Mitsui Trust company (SMT) was originally founded in 1925, making it one of the oldest trust companies in Japan. It has a long history and solid reputation, which has helped it build a strong foundation and credibility in the financial industry.
2. Large scale and diverse operations: SMT is one of the largest and most diverse trust companies in Japan, offering a wide range of financial services including trust banking, asset management, real estate, and pension management. It has a global network of offices and subsidiaries, allowing it to provide comprehensive financial solutions to businesses and individuals.
3. Strong financial position: SMT is known for its solid financial position, with consistently high levels of capital adequacy ratio and profitability. This stability allows the company to weather economic downturns and provide reliable financial services to its clients.
4. Wealth management expertise: SMT has a strong focus on wealth management and asset management services. It has a team of experts who provide tailored solutions to meet the investment needs of its clients, managing their assets and helping them grow their wealth.
5. Emphasis on corporate social responsibility: SMT has a strong commitment to corporate social responsibility, with initiatives that focus on sustainability, diversity, and community involvement. It has been recognized for its efforts, earning various awards and accolades for its responsible business practices.
6. Technology and innovation: SMT is committed to utilizing technology and innovation to enhance its services and improve customer experience. It has invested in various digital platforms and systems to provide efficient and convenient financial solutions to its clients.
7. Global partnerships: SMT has strategic partnerships with leading financial institutions around the world, allowing it to expand its global presence and access to international markets. This has contributed to its strong international reputation and made it a trusted partner for businesses operating globally.
2. Large scale and diverse operations: SMT is one of the largest and most diverse trust companies in Japan, offering a wide range of financial services including trust banking, asset management, real estate, and pension management. It has a global network of offices and subsidiaries, allowing it to provide comprehensive financial solutions to businesses and individuals.
3. Strong financial position: SMT is known for its solid financial position, with consistently high levels of capital adequacy ratio and profitability. This stability allows the company to weather economic downturns and provide reliable financial services to its clients.
4. Wealth management expertise: SMT has a strong focus on wealth management and asset management services. It has a team of experts who provide tailored solutions to meet the investment needs of its clients, managing their assets and helping them grow their wealth.
5. Emphasis on corporate social responsibility: SMT has a strong commitment to corporate social responsibility, with initiatives that focus on sustainability, diversity, and community involvement. It has been recognized for its efforts, earning various awards and accolades for its responsible business practices.
6. Technology and innovation: SMT is committed to utilizing technology and innovation to enhance its services and improve customer experience. It has invested in various digital platforms and systems to provide efficient and convenient financial solutions to its clients.
7. Global partnerships: SMT has strategic partnerships with leading financial institutions around the world, allowing it to expand its global presence and access to international markets. This has contributed to its strong international reputation and made it a trusted partner for businesses operating globally.
What the company's business model?
The Sumitomo Mitsui Trust company’s business model is a financial services business model that focuses on providing trust banking services, investment management, and other financial services. This includes trust services such as asset management and administration, financial consulting, investment advisory, and asset securitization. The company also provides various other services such as custody services, real estate management, and other financial services related to banking and investment. The company mainly serves institutional clients such as corporations, pension funds, and governments, but also offers services to individual clients. The company’s business model is designed to generate revenue and profit through fees, commissions, and interest income from its various financial services. It aims to achieve sustained growth and provide stable returns to its stakeholders through sound risk management and a strong global network.
Interesting facts about the company
1. Founded in 1925, Sumitomo Mitsui Trust is one of the oldest and largest trust banks in Japan.
2. The company was formed through the merger of three trust banks: Sumitomo Trust and Banking, Mitsui Trust Bank, and Chuo Mitsui Trust and Banking.
3. As of 2021, Sumitomo Mitsui Trust has over 90 trillion yen in assets under management.
4. The company offers a wide range of financial services, including trust banking, securities, asset management, and real estate services.
5. Sumitomo Mitsui Trust has established a strong global presence with offices in major financial centers such as New York, London, Hong Kong, and Singapore.
6. In 2016, the company acquired the asset management arm of Belgian bank KBC in a deal worth 1 billion euros, making it one of the largest acquisitions by a Japanese financial institution in Europe.
7. Sumitomo Mitsui Trust has a long-standing partnership with Goldman Sachs, with both companies jointly owning Japan’s largest asset management firm, Nikko Asset Management.
8. The company takes its corporate social responsibility seriously, with a focus on environmental sustainability, social contribution, and corporate governance.
9. Sumitomo Mitsui Trust has been recognized for its excellence and innovation in the financial industry, winning several awards and accolades, including Best Global Custodian from Global Finance magazine.
10. The company has a strong commitment to diversity and inclusion, with initiatives to promote gender equality and support the LGBTQ+ community. It has also been recognized as one of the Best Companies for Women to Work in Japan by Forbes Japan.
See Company Due Diligence:
2. The company was formed through the merger of three trust banks: Sumitomo Trust and Banking, Mitsui Trust Bank, and Chuo Mitsui Trust and Banking.
3. As of 2021, Sumitomo Mitsui Trust has over 90 trillion yen in assets under management.
4. The company offers a wide range of financial services, including trust banking, securities, asset management, and real estate services.
5. Sumitomo Mitsui Trust has established a strong global presence with offices in major financial centers such as New York, London, Hong Kong, and Singapore.
6. In 2016, the company acquired the asset management arm of Belgian bank KBC in a deal worth 1 billion euros, making it one of the largest acquisitions by a Japanese financial institution in Europe.
7. Sumitomo Mitsui Trust has a long-standing partnership with Goldman Sachs, with both companies jointly owning Japan’s largest asset management firm, Nikko Asset Management.
8. The company takes its corporate social responsibility seriously, with a focus on environmental sustainability, social contribution, and corporate governance.
9. Sumitomo Mitsui Trust has been recognized for its excellence and innovation in the financial industry, winning several awards and accolades, including Best Global Custodian from Global Finance magazine.
10. The company has a strong commitment to diversity and inclusion, with initiatives to promote gender equality and support the LGBTQ+ community. It has also been recognized as one of the Best Companies for Women to Work in Japan by Forbes Japan.
See Company Due Diligence:
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