TOKYO -- Sumitomo Mitsui Trust Asset Management, one of the largest asset managers in Asia, is increasingly winning mandates in the Middle East, which makes up 90% of its assets from investors outside Japan.
"Most Middle Eastern countries are quite familiar with Japan because of the long economic relationship we've had," said Yoshio Hishida, chief executive officer at Sumitomo Mitsui Trust Asset Management, which has around $600 billion in assets under management.
