Based in London, Murota will manage all aspects of SuMi TRUST’s global asset management business, as well as driving growth in the EMEA region. SuMi TRUST is Japan’s largest asset manager with $446bn in assets under management.
Murota is replacing Hisaya Kambayashi who is returning to SuMi TRUST’s head office in Tokyo, where he will continue developing SuMi TRUST’s global asset management business.
Murota joined SMTIL in April 2016. Prior to this, he was an associate general manager of the Fiduciary Business Planning Department at Sumitomo Mitsui Trust Bank (SMTB), the parent company of SMTIL, where he was responsible for business planning for the asset management business.
Between 2005 and 2009, Murota was in charge of client portfolio management for public pension clients for SMTB, and from 1996 to 2005 he was a portfolio manager of global bond funds at SMTB.
“By pursuing untapped opportunities and growing our asset management business in the EMEA region, we are well placed to capitalise on the increasing investor appetite for Japanese equities, and to meet investor demand for an expanded range of products including global equities and private assets,” said Murota. “I look forward to working with my colleagues in the UK team to build on our existing success and increase our presence in the asset management space in the region,” he added.