Sumitomo Mitsui Trust Launches AM Unit in Singapore
The asset management arm of Tokyo-based Sumitomo Mitsui Trust has opened its first Asian office outside of Japan.
Sumitomo Mitsui Trust Asset Management’s Singapore subsidiary (Sumitomo Mitsui Trust Asset Management Singapore Private Limited or SuMiTAMS) commenced operations on July 9, according to a statement. This marks the Japanese asset manager’s first office outside of Japan, with other offices in London and New York.
The wholly owned subsidiary, led by CEO Takeshi Narita, will provide investment research with a focus on Asian equities and client services.
«Singapore’s exceptional business environment and strategic location have established it as one of Asia’s premier international financial centers, attracting numerous institutional investors and high-net-worth individuals,» the firm said. «By leveraging this strategic location, SuMiTAMS will serve as the Company’s operational base in the rapidly growing Asian region and deliver a diverse range of high-quality investment products.»
As of the end of March 2025, Sumitomo Mitsui Trust Asset Management had $633 billion in assets under management, according to its website.
