Sumitomo Mitsui Trust Group (SuMi Trust), Japan’s largest asset management group with $727bn of AUM, has appointed Yoshio Hishida, managing executive officer to lead the global business development of its asset management business.
The role will focus on building client relationships beyond Japan.
Hishida (pictured) joined The Sumitomo Trust & Banking Co., Ltd in 1986 as a portfolio manager in its global equities team. He was an investment officer from 1999 to 2004 and has extensive expertise in strategy and management, having served also as an executive officer of Sumitomo Mitsui Trust Bank Limited and as the general manager of Fiduciary Service Business Planning Department at The Sumitomo Trust & Banking Co., Ltd. He is also director of The Securities Analysts Association of Japan and a CFA charterholder.
Hishida said: “Our client base has grown to include pension funds, financial institutions and family offices in Europe and Asia as well as sovereign wealth funds in the extended EMEA region. By nurturing strong relationships with existing clients, and developing new relationships outside of Japan, we aim to capitalise on our expertise and continue expanding our presence globally.”
SuMi Trust was created on 1 April 2011, after the merger of two of Japan’s largest financial institutions, Chuo Mitsui Trust Holdings and Sumitomo Trust & Banking., Ltd., both of which had origins dating back to the 1920s. Sumitomo Mitsui Trust Holdings, Inc., which is the holding company of SMTB, is listed in TSE First Section.
The provider manages a range of Japanese equity products and is well known in Japan as a principal provider of Japanese equity products for corporate and public pension funds. The product range includes growth, value, small cap, index, long/short, unconstrained and other Japanese equity strategies.
Sumitomo Mitsui Trust International (SMTI) based in London represents an international arm of SuMi Trust. Founded in 2012, it provides institutions and multi-managers in the UK, Europe, Middle East and Asia with the opportunity to invest in multi-award winning Japanese equity and fixed income investment strategies.