Sumitomo Mitsui Trust Group has appointed a managing executive officer to lead the global business development of its asset management business.
Yoshio Hishida takes up the new role and will focus on building client relationships beyond Japan.
Hishida joined Sumitomo Trust & Banking 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 and as the general manager of Fiduciary Service Business Planning Department at Sumitomo Trust & Banking.
Growing Asian Business
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.
«Our client base has grown to include pension funds, financial institutions and family offices in Europe and Asia as well as sovereign wealth funds, we aim to capitalise on our expertise and continue expanding our presence globally,» said Hishida.
Sumitomo Mitsui Trust Group (SuMi Trust) is Japan’s largest asset management group, with $727 billion of assets under management (AUM).
