Sumitomo Mitsui Trust Holdings

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Sumitomo Mitsui Trust Holdings, Inc.
Type Public KK (TYO: 8309)
Industry Financial Services
Founded 2002 (from merger)
Headquarters Tokyo, Japan
Key people Kazuo Tanabe, President
Revenue Increase ¥ 468.5 billion JPY (FY 2007)
Net income Increase ¥ 71.8 billion JPY (FY 2007)
Owner(s) The Resolution and Collection Corporation (30.29%)
Employees 9,037 (2008)
Website smth.jp
A Chuo Mitsui branch in Nihonbashi

Sumitomo Mitsui Trust Holdings, Inc., formerly Chuo Mitsui Trust Holdings, Inc. (中央三井トラスト・ホールディングス株式会社 Chūō Mitsui Torasuto Hōrudingusu Kabushiki-Kaisha?) is a Japanese financial holding company headquarterd in Minato, Tokyo.

As of August 1, 2009, 30.29% of outstanding common stocks of Chuo Mitsui Trust Holdings are owned by the Resolution and Collection Corporation, which is a wholly owned subsidiary of Deposit Insurance Corporation of Japan, a semi-governmental organization.

History[edit]

Chuo Trust[edit]

Mitsui Trust[edit]

  • 1924 - Mitsui zaibatsu spun off its trust division as Mitsui Trust & Banking.

Merger[edit]

  • 2000 - Chuo Trust and Mitsui Trust merged to form The Chuo Mitsui Trust and Banking Co.
  • 2001 - Chuo Mitsui purchased corporate custody unit from The Sakura Bank, now Chuo Mitsui Asset Trust.
  • 2002 - Chuo Mitsui Trust Holdings was established to become the parent company to Chuo Mitsui group, in preparation for its business restructuring.
  • 2011 - Sumitomo Mitsui Trust Holdings was established through the share exchange between Chuo Mitsui Trust Holdings and Sumitomo Trust and Banking Co., Ltd.[1]

Operating subsidiaries[edit]

The Chuo Mitsui Trust and Banking Co.
Diversified financial services, stock transfer agency services, real estate operations for individual and corporate clients
Chuo Mitsui Asset Trust
Trust asset management business, trust asset administration business and pension trust operations for institutional investors
Chuo Mitsui Asset Management
Mutual fund management
Chuo Mitsui Capital
Private equity fund management

References[edit]

  1. ^ [1]

See also[edit]