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Master Trust Bank of Japan
Japanese trust bank From Wikipedia, the free encyclopedia
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The Master Trust Bank of Japan, Ltd. (日本マスタートラスト信託銀行株式会社, Nippon Masutā Torasuto Shintaku Ginkō Kabushiki-gaisha) is a trust bank in Japan. It was founded in 2000 and claims to be the first trust bank in Japan to be exclusively engaged in asset administration business.[1]
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The company's shareholders are Mitsubishi UFJ Trust and Banking Corporation (46.5%), Nippon Life Insurance (33.5%), Meiji Yasuda Life Insurance (10%) and Norinchukin Trust & Banking Co. (10%).[2] Master Trust Bank is treated as a consolidated subsidiary of Mitsubishi UFJ Trust and Banking, and is by extension part of the Mitsubishi UFJ Financial Group.[3]
It is one of the three main master trust service providers in Japan, alongside Trust & Custody Services Bank (affiliated with Mizuho) and Japan Trustee Services Bank (affiliated with SMFG).[4]
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By the end of 2016, the Master Trust Bank of Japan had about 4.9 percent of the Japanese advertiser Dentsu, Inc.[5] At the end of 2022, it held circa 15.4 percent shares of Toyo Tires, which according to revenue was the tenth biggest manufacturer of tires in the world.[6][7] Furthermore, it is with 10 percent the biggest shareholder of the Japanese investment company Softbank; Softbank being an early investor in the Chinese e-commerce company Alibaba.[8]
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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. A month after its founding, it became the first Japanese asset administrator to offer online information reporting services.[9]
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