The Singaporean state investment firm is among several Asian institutions that look set to drive growth in Turkey's asset management industry.
Tag : sumitomo
The regulator bans Yohichi Kumagai of Mitsui Sumitomo Insurance Company (Europe) over failings in a ruling that may deter Japanese firms from expanding into the UK.
Sumitomo Trust & Banking stakes growth in a mature pensions market on structuring fund products around its prop-desk activity.
The Japanese giant finds a way outside of Japan to combine its prop-desk activities in a fund structure for institutional clients.
The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.
Frank Khoo, Asia head at Axa Real Estate Investment Management, outlines the regional strategy behind tie-ups with Ping An Group and Sumitomo.
The trust bank has shot to the top in Japan as pension funds de-risk into passive mandates.
From AsianInvestor magazine: The steady returns from low-volatility funds of funds offer financial institutions comfort in an increasingly uncertain environment.
Barclays Global Investors frees its hands of a legacy business, while Sumitomo Trust gains heft in fund administration.
Two former rival keiretsu are joining forces to position for the yet-to-be-transformed Japanese pension market.