Sumitomo Mitsui Trust Asset Management (SuMi TRUST),an asset manager with $759 billion in assets under management (AUM) as of Dec 2021, has established a new investment marketing team in its office in Luxembourg to enhance its relationship with EU-based investors. The team, part of Sumitomo Mitsui Trust Bank Luxembourg S.A. (SuMiTB Lux), will promote SuMi TRUST’s investment products on the firm’s behalf.
The firm’s overseas AUM has grown 20-fold over the past nine years.
Jun Kito, head of investment management, will lead the new team. He is a seasoned industry professional with 27 years of asset management experience with SuMi TRUST and has been involved in the firm’s international asset management business for European investors since 2013.
Through the new investment marketing team SuMi TRUST will bolster its offering for EU-based investors, including a diverse lineup of investment strategies with a focus on Japanese equities. In addition, SuMi TRUST provides tailored global equity passive strategies to segregated account investors to assist in their geographical manager diversification.
Until recently, the region was covered by SuMi TRUST’s London-based company, Sumitomo Mitsui Trust International (SuMiTI). Going forward, SuMiTB Lux will cover the EU countries while SuMiTI will continue to focus on the UK and EMEA excluding the EU.
Yoshio Hishida, President and CEO of SuMi TRUST, said: “We believe that the EU market is extremely important to expand our global presence, which is one of our top management priorities. Establishing the team in Luxembourg underlines our commitment to strengthen our relationship with EU investors.”
Tetsuya Handa, Managing Director of SuMiTB Lux, said: “With the launch of the new team, we are now able to further foster our relationship with EU investors. As an EU hub, we will deliver SuMi TRUST’s established and differentiated investment products. We are confident that the investment capability of SuMi TRUST and our commitment to the region will make us an ideal partner for EU investors seeking to diversify their portfolios.”
