Key facts
- The Master Trust Bank of Japan's assets under custody have surpassed 1 quadrillion yen.
- Assets under custody have tripled over the past decade.
- Growth is attributed to rising stock prices and the expansion of individual investors.
- The bank was established in 2000 as Japan's first trust bank dedicated solely to asset administration.
- It is jointly owned by Mitsubishi UFJ Trust and Banking, Nippon Life Insurance, Meiji Yasuda Life Insurance, and The Norinchukin Trust & Banking.
The Master Trust Bank of Japan, Ltd. (MTBJ), an affiliate of Mitsubishi UFJ Trust and Banking Corporation, has reported that its assets under custody have surpassed 1 quadrillion yen. This significant milestone reflects a decade of expansion, driven by a robust stock market rally and increased participation from individual investors in Japan's tax-advantaged investment programs like NISA.
Established on May 9, 2000, MTBJ was the first trust bank in Japan to specialize exclusively in asset administration services. The bank is jointly owned by several major Japanese financial institutions, including Mitsubishi UFJ Trust and Banking Corporation, Nippon Life Insurance Company, Meiji Yasuda Life Insurance Company, and The Norinchukin Trust & Banking Co., Ltd. As of March 2024, MTBJ managed over ¥700 trillion in assets under custody, providing essential services such as custody, fund administration, and collateral handling to institutional investors and pension funds.
Over its history, MTBJ has seen substantial growth, reaching ¥100 trillion in assets under custody by late 2004. The bank has continuously evolved its service offerings, incorporating advanced solutions like derivatives management and security token issuance. With over 1,000 employees, MTBJ operates from its headquarters in Tokyo, focusing on technological innovation to enhance its integrated infrastructure for asset administration.