SuMi Trust expands Europe presence with creation of new team in Luxembourg

Luxembourg-on_mapSumitomo Mitsui Trust Asset Management (SuMi Trust) has established a new investment marketing team in Luxembourg, as part of its strategy to boost its presence in Europe and its relationship with EU-based investors.

Head of investment management Jun Kito, who has 27 years of asset management experience at SuMi Trust, will lead the new team.

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. With the new team in place, we will further deepen our connections with investors in this region.”

EU-based investors will have access to SuMi Trust’s investment strategies with a focus on Japanese equities. The firm also assists segregated account investors with geographical manager diversification by providing tailored global equity passive strategies.

The firm has grown its overseas assets under management 20-fold over the past nine years.

Tetsuya Handa, managing director of SuMiTB Lux, added: “For SuMiTB Lux our new team and office marks a very important step. Combining our longstanding experience in fund administration with investment marketing in collaboration with SuMi Trust will be key to meeting the needs of our clients and strengthen our presence in this market.”

The Luxembourg area has been covered by SuMi Trust’s London-based company, Sumitomo Mitsui Trust International (SuMiTI). From now on, SuMiTB Lux will cover EU countries, while SuMiTI will focus on the UK and EMEA, excluding the EU.

© 2022 funds europe

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