Mitsui Trust Financial Group
Encyclopedia
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese financial holding company headquarterd in Minato, Tokyo
Minato, Tokyo
is one of the 23 special wards of Tokyo, Japan. As of 1 March 2008, it had an official population of 217,335 and a population density of 10,865 persons per km². The total area is 20.34 km².Minato hosts 49 embassies...
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As of August 1, 2009, 30.29% of outstanding common stocks of Chuo Mitsui Trust Holdings are owned by the Resolution and Collection Corporation, which is a wholly owned subsidiary of Deposit Insurance Corporation of Japan, a semi-governmental organization.
Chuo Trust
- 1962 - Industrial Bank of JapanIndustrial Bank of JapanThe , based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century.It combined with Dai-Ichi Kangyo Bank and Fuji Bank in 2002 to form Mizuho Financial Group.- History :...
, Tokai Bank and Dai-Ichi BankDai-Ichi Kangyo BankThe , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. It combined with Fuji Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group....
spun off their trustTrust companyA trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...
businesses as Chuo Trust & Banking, due to MOFMinistry of Finance (Japan)The ' is one of cabinet-level ministries of the Japanese government. The ministry was once named Ōkura-shō . The Ministry is headed by the Minister of Finance , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister.The Ministry's origin was back in...
's Chinese wallChinese wallIn business, a Chinese wall or firewall is an information barrier implemented within a firm to separate and isolate persons who make investment decisions from persons who are privy to undisclosed material information which may influence those decisions...
regulations. - 1998 - Chuo Trust took over troubled Hokkaido Takushoku BankHokkaido Takushoku Bank, literally Hokkaidō Exploitation Bank, was one of major commercial banks in Japan, founded in 1899 as a "Special Bank" to promote capitalization on the island of Hokkaidō. Its nickname was ; it was also known in the media and business world as...
's HonshūHonshuis the largest island of Japan. The nation's main island, it is south of Hokkaido across the Tsugaru Strait, north of Shikoku across the Inland Sea, and northeast of Kyushu across the Kanmon Strait...
business.
Mitsui Trust
- 1924 - MitsuiMitsuiis one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture...
zaibatsuZaibatsuis a Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed for control over significant parts of the Japanese economy from the Meiji period until the end of World War II.-Terminology:...
spun off its trust division as Mitsui Trust & Banking.
Merger
- 2000 - Chuo Trust and Mitsui Trust merged to form The Chuo Mitsui Trust and Banking Co.The Chuo Mitsui Trust and Banking Co.is a Japanese bank. It is a subsidiary of Mitsui Trust Financial Group.-External links:*...
- 2001 - Chuo Mitsui purchased corporate custody unit from The Sakura BankThe Sakura Bankwas a Japanese bank based in Tokyo and Kobe.It merged with Sumitomo Bank on April 1, 2001, forming the Sumitomo Mitsui Banking Corporation....
, now Chuo Mitsui Asset Trust. - 2002 - Chuo Mitsui Trust Holdings was established to become the parent company to Chuo Mitsui group, in preparation for its business restructuring.
Operating subsidiaries
The Chuo Mitsui Trust and Banking Co.The Chuo Mitsui Trust and Banking Co.
is a Japanese bank. It is a subsidiary of Mitsui Trust Financial Group.-External links:*...
- Diversified financial services, stock transfer agency services, real estateReal estateIn general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
operations for individual and corporate clients
Chuo Mitsui Asset Trust
- Trust asset management business, trust asset administration business and pensionPensionIn general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
trust operations for institutional investorInstitutional investorInstitutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s
Chuo Mitsui Asset Management
- Mutual fundMutual fundA mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
management
Chuo Mitsui Capital
- Private equityPrivate equityPrivate equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
fund management