- CEO
- Kazuya Oyama
- Full Time Employees
- 22,526
- Sector
- Finance
- Industry
- Major banks
- Address
- 1-4-1 Marunouchi Tokyo TY Japan 100-8233
- IPO Date
- Jan 31, 2002
- Business
- Sumitomo Mitsui Trust Group, Inc. (8309.T) operates as a holding company for the Sumitomo Mitsui Trust Group, with trust banking at its core, providing comprehensive financial services including asset management, wealth management, real estate brokerage, and investor services primarily through its principal subsidiary Sumitomo Mitsui Trust Bank, Limited. The group offers an extensive range of products and services such as retail and corporate banking; wealth management consulting and high-net-worth individual solutions via UBS SuMi TRUST Wealth Management Co., Ltd. and Sumitomo Mitsui Trust Wealth Partners Co., Ltd.; asset management through Sumitomo Mitsui Trust Asset Management Co., Ltd. and others including investment advisory, private equity fund management, and real estate investment trusts; investor services encompassing custody, stock transfer agency, pension administration, and securities lending via entities like Custody Bank of Japan, Ltd. and Sumitomo Mitsui Trust Investment Co., Ltd.; real estate brokerage, research, and financing through Sumitomo Mitsui Trust Realty Co., Ltd. and Sumitomo Mitsui Trust Research Institute Co., Ltd.; credit card issuance via Sumitomo Mitsui Trust Club Co., Ltd.; loan guarantees; leasing and specialized financing through Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.; and digital banking via SBI Sumishin Net Bank, Ltd. It serves individual, corporate, institutional, and high-net-worth clients across segments including retail, corporate, global markets, investor services, real estate, and asset management, with operations centered in Japan and extending internationally to Thailand, China, the United States, Hong Kong, Luxembourg, and Ireland.
Founded on February 1, 2002 and headquartered at 1-4-1 Marunouchi, Chiyoda-ku, Tokyo, Japan, the group traces its trust banking roots to 1925 via Sumitomo Mitsui Trust Bank, marking its 100th anniversary in 2025 with a commemorative dividend and special initiatives. Recent major developments include the integration of Credit Suisse's wealth management business in Japan by UBS SuMi TRUST Wealth Management Co., Ltd. in 2024, enhancing its high-net-worth offerings following the UBS-Credit Suisse merger; a strategic partnership with GCM Grosvenor Inc. announced in 2025, involving a $100 million investment in its emerging managers fund and a $50 million share purchase to expand private asset capabilities targeting over $1.5 billion in joint assets under management by 2030; strategic alliances with Tikehau Capital and S64 Ventures Limited in 2024 for alternative investments; the launch of new trust funds like "Future Trust" and proposals for Japan's first crypto asset ETF in 2024; a merger of Sumitomo Mitsui Trust Card Co., Ltd. into Sumitomo Mitsui Trust Club Co., Ltd. in October 2025; and a trade name change for Nikko Asset Management in 2024 alongside organizational enhancements in private asset gatekeeper functions.