is a trust
bank
A bank is a financial institution that accepts Deposit account, 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 m ...
in
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 n ...
. 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 (46.5%),
Nippon Life Insurance (33.5%),
Meiji Yasuda Life Insurance
is a Japanese life insurance company, headquartered in Tokyo and created in 2004 from the merger of Meiji Life and Yasuda Life. The company is one of the oldest and largest insurers in Japan. The Meiji Yasuda Life Insurance Company is a memb ...
(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 ...
of Mitsubishi UFJ Trust and Banking, and is by extension part of the
Mitsubishi UFJ Financial Group.
It is one of the three main
master trust service providers in Japan, alongside
Trust & Custody Services Bank (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 An ...
) and
Japan Trustee Services Bank (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 St ...
. 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