Trust & Custody Services Bank

Offices in Tokyo

Trust & Custody Services Bank, Ltd. (資産管理サービス信託銀行株式会社, Shisan Kanri Service Shintaku Ginko Kabushiki Gaisha) is a Japanese bank that provides asset administration for banks and insurance companies. As of August 2017, it had 50 trillion yen in capital.[1] In July 2020 Trust & Custody Services Bank merged with the Japan Trustee Services Bank to form Custody Bank of Japan.

History

The company was established in January 2001[2] through an accord of Mizuho Trust & Banking Co,. Ltd., The Dai-Ichi Kangyo Bank, Ltd., The Fuji Bank, Ltd., The Industrial Bank of Japan, Ltd., Asahi Mutual Life Insurance Company, The Dai-ichi Mutual Life Insurance Company, Fukoku Mutual Life Insurance Company, and Yasuda Mutual Life Insurance Company.[3] By 2006 the bank had about $900 billion in assets under management.[4]

References

  1. ^ Trust & Custody Services Bank. "2017 Annual Report" (PDF). Retrieved 2017-11-07.
  2. ^ Ulrike Schaede (2006). Competition for corporate control. p. 18.
  3. ^ "Trust & Custody Services Bank Ltd - Company Profile and News". Bloomberg News.
  4. ^ Schaede, Ulrike (2008). Choose and Focus: Japanese Business Strategies for the 21st Century. Cornell University Press. ISBN 978-0801447068.


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