Sumitomo Mitsui Trust expands assets abroad on Middle East mandates

Region accounts for 90% of assets from overseas, says Japanese company

20240116 Sumitomo Mitsui Trust Asset Management President and CEO Yoshio Hishida portrait

Sumitomo Mitsui Trust Asset Management President and CEO Yoshio Hishida poses for a photo in Tokyo. (Photo by Yuki Kohara) 

LISA KIM, Nikkei staff writer

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.

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