Sumitomo Mitsui Trust Asset Management Co., Ltd. (Director, President: Yoshio Hishida) hereby announces the decision made today to change Directors as described below.

Image
Table

Yoshinori Inoue, having served for over ten years until December 2021, as the President and CEO of MFS Investment Management K.K., is well-versed in the global asset management business and the management of asset management companies.


Mie Matsuo has worked for many years at IBM Japan Ltd. As Managing Partner, she headed the consulting business made business operations more advanced and efficient by using technology and systems integration. In October 2023, she was appointed Audit and Supervisory Board Member of IBM Japan Ltd.


Through their appointments, our board will become even more diverse, with Outside Directors making up a majority of the board (5 Directors out of 9), and female Directors accounting for more than 30% (3 Directors out of 9) of the board members. As a result, management is expected to exhibit a wider perspective and greater transparency.

Career Summary
[Name] Yoshinori Inoue
[Career Summary]
1981: Joined The Long-Term Credit Bank of Japan, Limited, Securities Department
Seconded to Dai-ichi Securities Co., Ltd., Business Development Department.
Seconded to Pension Fund Association, Securities Business Department
1999: Joined MFS Investment Management K.K.
Served as the Director in charge of pensions, the Managing Director, and Deputy President
June 2011 to December 2021: President and Representative Director
June 2022: Retired from the position of Director

Career Summary
[Name] Mie Matsuo
[Career Summary]
April 1987 to December 1993: Joined IBM Japan, Ltd. and served as a system engineer
April 1997 to December 1999: Deloitte Touche Tohmatsu LLC (Certification: Certified Public Tax Accountant)
March 2000 to November 2001: Chief Administrative Officer of Konami, Hawaii Ltd.
December 2001: Joined IBM Japan, Ltd.
October 2002: Seconded to IBM Business Consulting Services KK
July 2009: Vice President of IBM Business Consulting Services KK
April 2010: Partner of IBM Japan
January 2018: Vice President of IBM Japan, Ltd.
January 2019: Vice President in charge of the Asia Pacific Region of IBM Global Business Services Pte. Ltd.
April 2022: Managing Partner of IBM Japan, Ltd.
October 2023: Audit and Supervisory Board Member of IBM Japan, Ltd.

About SuMi TRUST


Sumitomo Mitsui Trust Asset Management (SuMi TRUST) is one of the largest asset managers in Japan with over USD 623 billion assets under management as of March 2024.
SuMi TRUST is the marketing name of Sumitomo Mitsui Trust Group and the entities that fall within it, including Sumitomo Mitsui Trust International Limited and Sumitomo Mitsui Trust Bank, Limited.
With a strong presence on the ground in Japan, SuMi TRUST provides institutions and multi managers in the UK, Europe, Middle-East and Asia with the opportunity to invest in a broad spectrum of Japanese equity and fixed income investment strategies.
SuMi TRUST was formed by the merger of two of Japan’s largest financial institutions, Chuo Mitsui Trust Holdings, Inc. and Sumitomo Trust and Banking Co., Ltd, both of which have origins dating back to the 1920s.

Disclaimer

This document has not been approved by or registered with any regulatory or governmental authority in any jurisdiction. The information and opinions contained in this document do not purport to be full or complete and do not constitute investment advice. All copyrights regarding this material, other than the parts quoted from other companies’ materials, belong to Sumitomo Mitsui Trust Asset Management Co., Ltd. This material may not be used or reproduced in part or in whole for any purpose without its express permission. Should you have any questions as to this material, please address them to the Global Business Development Department.

This marketing communication is issued by Sumitomo Mitsui Trust International Limited (“SMTI”). SMTI is authorised and regulated by the United Kingdom’s Financial Conduct Authority (the “FCA”), whose address is 12 Endeavour Square, London, E20 1JN, United Kingdom.

This marketing communication has been made available to you only because SMTI has classified you as a professional client in accordance with the FCA’s rules. If you have received this marketing communication from a source other than SMTI, you should contact SMTI before using it or relying on it. You must not send this marketing communication to any other person without first having received written approval from SMTI.

The information contained in this marketing communication (the “Material”) is being made available for information purposes only and is designed to provide information on the investment services which SMTI may offer to clients. Nothing in the Material amounts to or should be construed as an actual offer by SMTI to provide any investment services to any person. If SMTI agrees to provide any investment services to any person, those services will be the subject of a separate written agreement between SMTI and that person. Furthermore, the Material has not been prepared with any consideration of the individual circumstances of any person to whom it is communicated. Accordingly, it is not intended to, and does not, constitute a personnel recommendation in relation to the purchase or sale of, or exercise of any rights in relation to, any financial instruments or advice in relation to any investment policy or strategy to be followed. The Material also does not contain the results of any investment research carried out by SMTI and is not intended to amount to a financial promotion of any particular financial instrument which may be referred to in it.

While SMTI uses all reasonable endeavours to ensure the Material is accurate, it has not been prepared with a view to any person relying on it. Accordingly, SMTI accepts no responsibility for any loss caused to any recipient of this document as a result of any error, inaccuracy or incompleteness in the Material, nor for any error in the transmission or receipt of this communication.

Any enquiries regarding the products should be made to:
Hirofumi Hayashi
Head of Investment Management Department
Sumitomo Mitsui Trust International Limited
155 Bishopsgate, London EC2M 3XU, United Kingdom
Direct: +44 20 7562 8405
Email: imd@smtil.com
Sumitomo Mitsui Trust International Limited is authorised and regulated by the
Financial Conduct Authority
© Sumitomo Mitsui Trust International Limited 2024