Sumitomo Mitsui Trust Asset Management, under the leadership of president Yoshio Hishida, has launched its Singapore subsidiary, Sumitomo Mitsui Trust Asset Management Singapore (SuMiTAMS).

The new entity, which has begun operations, is Sumitomo’s first office in Asia, following its locations in London and New York.

SuMiTAMS, a fully owned subsidiary, boasts significant investment research and client service capabilities, according to the company.

The Singapore office is intended to serve as the operational hub for the company’s activities in the growing Asian market, offering a diverse range of high-quality investment products.

Additionally, it aims to enhance the company’s global investment platform through collaboration with its international offices.

The company highlighted Singapore’s better business environment and strategic location as key factors in its decision to establish a presence in one of Asia’s premier international financial centres, which attracts numerous institutional investors and high-net-worth individuals, stated the company.

In June 2025, Sumitomo Mitsui Financial Group SMFG and SBI Holdings announced a partnership to create a wealth management joint venture (JV).

This initiative aims to strengthen the capabilities of Sumitomo Mitsui Financial Group’s Olive platform, which integrates banking, payment, and investment services.

In 2022, Japan’s Securities and Exchange Surveillance Commission fined SMFG and its banking and securities division for violating firewall regulations. The regulator also instructed SMFG to develop a plan for improvement.

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