Corporate History

Former Sumitomo Mitsui Asset Management

Former Daiwa SB Investments

Established Daiwa International Capital Management

1973

Began management services for overseas pension funds

1976

Began management services of oil-related funds for Government Agencies in the Middle East

1981

Established Sansei Capital Management
(renamed to Mitsui Life Global Asset Management in 1999)

Established Sumitomo Life Asset Management
(renamed to Sumitomo Life Investment in 1999)

Established Sumigin Bankers Investment Management
(renamed to SB Investment Management in 1990)

1985

Established Taiheiyo Investment Trust
(renamed to Sumisei Global Investment Trust Management in 1999)

1989

Established SBIM Investment Trust Management

1993

Sakura Asset Management and Sakura Investment Trust Management merged to form Sakura Investment Management

1997

Daiwa SB Investments formed from a merger of the 3 corporations,Daiwa International Capital Management, SB Investment Management, and SBIM Investment Trust Management
Ownership: Daiwa Securities Group (44%), Sumitomo Bank Group (currently Sumitomo Mitsui Financial Group 44%), TRPH Corporation (10%), The Sumitomo Trust and Banking(currently Sumitomo Mitsui Trust Bank 2%)

1999

Mitsui Marine Asset Management and Sumitomo Marine Asset Management merged to form Mitsui Sumitomo Insurance Asset Management

2001

Sumitomo Mitsui Asset Management formed from a merger of the 5 corporations, Mitsui Life Global Asset Management, Sakura Investment Management, Mitsui Sumitomo Insurance Asset Management, Sumisei Global Investment Trust Management, and Sumitomo Life Investment
Ownership: Sumitomo Life Insurance (35%), Mitsui Life Insurance (currently Taiju Life Insurance 30%), Mitsui Sumitomo Insurance (17.5%), Sumitomo Mitsui Banking Corporation (17.5%)

2002

Established Seoul Representative Office (closed May 2013)

2007

Established Kansai Office (currently Osaka Branch)

2008

Established Shanghai Representative Office

2009

Became a signatory to the UN Principles for Responsible Investment (PRI)

2010

Formed alliance with UOB Asset Management, an asset management company in Singapore Established UOB-SM Asset Management as a joint venture (JV) in Singapore

Became a signatory to the UN Principles for Responsible Investment (PRI)

2012

Merged with Toyota Asset Management and established Nagoya Branch

Established Osaka Branch

2013

Declared acceptance of the “Principles for Responsible Institutional Investors” (Japan’s Stewardship Code) and disclosed policies based on the Code to the public

Formed strategic and capital alliance with Misaki Capital

Declared acceptance of the “Principles for Responsible Institutional Investors” (Japan’s Stewardship Code) and disclosed policies based on the Code to the public

2014

Acquired Nikko Global Wrap as a wholly-owned subsidiary
Became the first major asset management company to directly offer investment trust online

Announced “Our Commitment to Fiduciary Duties” and its specific measures as “Our Fiduciary Action Plans”
Established “Fiduciary Duty third party committee”

2015

Established the Research Center for Financial Smart Data, jointly with the National Institute of Informatics (NII) to explore new technoligy in Fintech field

Became a consolidated subsidiary of Sumitomo Mitsui Financial Group

2016

Announced “Principles Concerning Customer-Oriented Business Conduct” by Financial Services Agency

2017

Sumitomo Mitsui Asset Management and Daiwa SB Investments merged to form
Sumitomo Mitsui DS Asset Management
Became a supporter to the FSB Task Force on Climate-related Financial Disclosures (TCFD)

2019

Announced “Principles of Fiduciary Duties and Sustainability”
Announced “Our ESG Priority Themes”

2020