History

While the asset management industry continues to grow globally, our clients’ expectations for investment management capabilities and services have become more complex and diversified. In order to fully meet these client needs, Sumitomo Mitsui Asset Management and Daiwa SB Investments merged in April 2019 to begin a new chapter as Sumitomo Mitsui DS Asset Management.

Timeline

1973Established Daiwa International Capital Management
1976Began management services for overseas pension funds
1981Began management services of oil-related funds for Government
Agencies in the Middle East
Established Sumitomo Life Asset Management
(renamed to Sumitomo Life Investment in 1999
1985
Established Sansei Capital Management
(renamed to Mitsui Life Global Asset Management in 1999)
1985Established Sumigin Bankers Investment Management
(renamed to SB Investment Management in 1990)
Established Taiheiyo Investment Trust
(renamed to Sumisel Investment Trust in 1999)
1989
1993Established SBIM Investment Trust Management
Sakura Asset Management and Sakura Investment Trust Management
merged to form Sakura Investment Management
1997
1999Daiwa 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%)
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.
2002
2007Established Seoul Representative Office (closed May 2013)
Established Kansai Office (currently Osaka Branch) 2008
2009Established Shanghai Representative Office
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
2012Became a signatory to the UN Principles for Responsible
Investment (PRI)
Merged with Toyota Asset Management and established Nagoya Branch 2013Established Osaka Branch
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

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
2017Announced “Principles Concerning Customer-Oriented Business
Conduct”by Financial Services Agency
2019
Sumitomo Mitsui Asset Management and Daiwa SB Investments merged to form Sumitomo Mitsui DS Asset Management