Japan Trustee Services Bank, Ltd.(Nhật Bản トラスティ・サービス ủy thác ngân hàng kabushiki gaisha,Nippon Torasuti Sābisu Shintaku Ginkō Kabushiki-gaisha),orJTSB,is atrust bankinJapan.
 Headquarters atHarumi Island Triton Square,Tokyo | |
| Company type | PrivateKK |
|---|---|
| Industry | Trustee banking services |
| Founded | June 20, 2000 |
| Defunct | July 27, 2020 |
| Successor | Custody Bank of Japan |
| Headquarters | , |
Key people | Yasuo Kuwana (President) |
| AUM | JPY203.4 trillion (2014)[1] |
| Owners | JTC Holdings(100%) |
Number of employees | 926 (2014) |
| Website | www |
JTSB is a joint venture betweenResona BankandSumitomo Mitsui Trust Holdings,and acts as a subcontracted trustee for both banks to hold their customers' assets, which includepension fundandinvestment trustassets.[2]Its main competitors areThe Master Trust Bank of Japan(controlled byMitsubishi UFJ Financial GroupandNippon Life Insurance) andTrust & Custody Services Bank(controlled byMizuho Financial Group).
JTSB'sSWIFT (ISO 9362) codeis JTSBJPJT.
In July 2020 JTSB merged with theTrust & Custody Services Bankto formCustody Bank of Japan.
History
editJTSB was established on June 20, 2000, byDaiwa BankandSumitomo Trust & Banking Co., Ltd.and began operations on July 25, 2000. Sumitomo Trust transferred part of its trust business and other assets to JTSB in October 2000, and Daiwa followed suit in June 2001. TheMitsui Trust Financial Groupinvested in JTSB in 2002 and transferred some of its trust operations to JTSB in 2003.[1]
Daiwa merged with Asahi Bank in 2003 to form Resona Bank,[3]and Sumitomo Trust merged with Chuo Mitsui Trust Holdings in April 2011 to form Sumitomo Mitsui Trust Holdings.[4]
In 2014,Toyotaannounced the establishment of a foundation to support development and environmental protection in the automotive industry, which was to be funded by dividends from a pool of 30 million Toyota shares sold to JTSB for one yen per share.[5]
References
edit- ^ab"Annual Report – 2014"(PDF).Japan Trustee Services Bank. Archived fromthe original(PDF)on 14 April 2016.Retrieved8 June2015.
- ^"Structure for Services".Japan Trustee Services Bank.Retrieved8 June2015.
- ^"Daiwa, Asahi banks merge within Resona group".Kyodo. 1 March 2003.Retrieved8 June2015.
- ^"History Chuo Mitsui Trust Group".Sumitomo Mitsui Trust Holdings, Inc.Retrieved8 June2015.
- ^Kubota, Yuko (26 March 2014)."Cash-rich Toyota to buy back shares worth up to $3.5 billion".Reuters.Retrieved8 June2015.
External links
edit- Japan Trustee Services Bank, Ltd.Archived2017-09-14 at theWayback Machine(in English)
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