Japanese asset manager Sumitomo Mitsui Trust Group (Sumi Trust) has appointed Yukihiro Murota as managing director of Sumitomo Mitsui Trust International Limited (SMTIL).
Murota is taking over the role from Hisaya Kambayashi who returns to Sumi Trust’s head office in Tokyo.
Based in London, Murota will be responsible for managing all aspects of Sumi Trust’s global asset management business and driving growth in the EMEA region.
Murota joined SMTIL in April 2016 from Sumitomo Mitsui Trust Bank (SMTB) where he was responsible for business planning for the asset management division.
He worked 25 years at SMTB, having been in charge of client portfolio management for public pension clients for the bank, including some of the largest pension funds in Japan between 2005 and 2009.
From 1996 to 2005, he was a portfolio manager of global bond funds at SMTB.
Murota commented : “By pursuing untapped opportunities and growing our asset management business in the EMEA region, we are well placed to capitalise on the increasing investor appetite for Japanese equities, and to meet investor demand for an expanded range of products including global equities and private assets.
“I look forward to working with my colleagues in the UK team to build on our existing success and increase our presence in the asset management space in the region.”
Sumi Trust had $446bn (€396.8bn) of assets under management as of 31 December 2015.