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 ...

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