Mizuho Trust & Banking Co., Ltd.

Mizuho Trust & Banking Co. acts as the trust banking division of Mizuho Financial Group, the second largest financial services company operating in Japan. The company would be formed through the large Japanese banking unification in 2000 when the Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan merged, also unifying their respective subsidiaries into one company. The Dai-Ichi Kangyo Bank was one of the largest banks in the world during the late 20th century, and was the first bank and first joint stock company in Japan when it was established in 1873 by Shibusawa Eiichi. Fuji Bank was one of the major banks in Japan in the post-World War II period and was incorporated in 1880, becoming Mizuho Corporate Bank after the merger. The Industrial Bank of Japan was one of the largest banks in the world and was originally founded as a public sector bank in 1902 under the Industrial Bank of Japan Act. Mizuho Trust & Banking Co. was established in 2003 through some restructuring post-merger and currently has 36 branches with its headquarters in Tokyo and 17 sub branches. The company provides a variety of services such as pension trust and asset management in Japan and on an international scale. In addition, Mizuho Trust & Banking also offers custody and administration services that include asset management for money trusts, investment trusts, and securities trusts, among others. The company currently has a total capital amounting to 247.3 billion Yen, or over $2 billion and employs over 3000 people, not including the various employees that its two subsidiaries have on their international network. Mizuho Trust & Banking’s key operations is focused on its complex asset management services, especially “specified money trusts (tokkin funds) and pecuniary trusts […] investment trusts, securities trusts, and other types of trusts.” Although the bank already offers a wide variety of services, the company is always working to “substantially further upgrade its specialized capabilities through active entry into new fields, including master trust services, with the objective of further strengthening its presence as an institution engaged in custody and administration.”