is a trust

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

. It was founded in 2000 and claims to be the first trust bank in Japan to be exclusively engaged in asset administration business. The company's shareholders are

Mitsubishi UFJ Trust and Banking Corporation is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese financial services group which is the largest in the world measured by assets. The bank is headquartered in Tokyo, Japan. The merger of Mitsubishi Tokyo Financial Gro ...

(46.5%),

Nippon Life Insurance , also known as or is the largest Japanese life insurance company by revenue. The company was founded in 1889 as the ''Nippon Life Assurance Co., Inc.'' In structure it is a mutual company. It first paid policyholder dividends in 1898. Ov ...

(33.5%), Meiji Yasuda Life Insurance (10%) and Norinchukin Trust & Banking Co. (10%). Master Trust Bank is treated as a consolidated

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of Mitsubishi UFJ Trust and Banking, and is by extension part of the

Mitsubishi UFJ Financial Group is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$3.1 trillion as of 2016 and is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corp ...

. It is one of the three main master trust service providers in Japan, alongside

Trust & Custody Services Bank Trust & Custody Services Bank, Ltd. (資産管理サービス信託銀行株式会社, ''Shisan Kanri Service Shintaku Ginko Kabushiki Gaisha'') is a Japanese bank that provides asset administration for banks and insurance companies. As of August ...

(affiliated with

Mizuho Mizuho () literally means "abundant rice" in Japanese and "harvest" in the figurative sense. It was also an ancient name of Japan. It might refer to: Places * Mizuho, Gifu, a city in Gifu * Mizuho, Tokyo, a town in Tokyo * Mizuho Plateau in A ...

) and

Japan Trustee Services Bank , or JTSB, is a trust bank in Japan. JTSB is a joint venture between Resona Bank and Sumitomo Mitsui Trust Holdings, and acts as a subcontracted trustee for both banks to hold their customers' assets, which include pension fund and investment ...

(affiliated with SMFG).

History

Master Trust Bank was founded in 2000 with investments from Mitsubishi Trust Bank, Nippon Life Insurance, Toyo Trust Bank, Meiji Life Insurance and

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

. A month after its founding, it became the first Japanese asset administrator to offer online information reporting services.

References

External links

The Master Trust Bank of Japan, Ltd.
(in Japanese) {{DEFAULTSORT:Master Trust Bank of Japan Financial services companies based in Tokyo Mitsubishi UFJ Financial Group Banks established in 1985 Trust banks of Japan Meiji Yasuda Life Nippon Life Japanese companies established in 1985