SUMITOMO MITSUI TRUST HOLDINGS

 

RESOLUTION PLAN 

SECTION 1: PUBLIC SECTION 

As of July 1, 2022
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§165(d) RESOLUTION PLAN

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Table of Contents

Introduction:..................................................................................................................................................3

(1) The names of material entities; .......................................................................................................3

(2) A description of core business lines;...............................................................................................3

(3) The identities of the principal officers; ...........................................................................................4

(4) A description, at a high level, of the covered company’s resolution strategy, covering such items 

as the range of potential purchasers of the covered company, its material entities and core business 

lines.......................................................................................................................................................6
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(a) Public Section 

Introduction: 

Sumitomo Mitsui Trust Holdings, Inc. (“SuMiHD”) has developed a resolution plan (this

“Resolution Plan”) as required by the Board of Governors of the Federal Reserve System’s

Regulation QQ, 12 CFR part 243, and Federal Deposit Insurance Corporation Regulation 12 

CFR part 381 (together, the “Plan Rules”), that have been issued pursuant to Section 165(d) of 

the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd Frank Act”). 

SuMiHD is a holding company organized under Japanese law and the 100 percent owner of 

Sumitomo Mitsui Trust Bank, Limited (“SuMiTB”), which is a bank holding company under the 

U.S. Bank Holding Company Act. SuMiHD is the top-tier holding company of a multi-tiered 

holding company structure and, in accordance with Section .2(f)(1)(iii) of the Plan Rules1, is the 

covered company required to file a resolution plan. 

The U.S. operations of SuMiHD consist of the New York Branch of SuMiTB (“SuMiTBNY”), 

SuMiTB’s subsidiary U.S. bank, Sumitomo Mitsui Trust Bank (U.S.A.) Limited, Midwest 

Railcar Corporation, in which SuMiTB holds an indirect fifty percent ownership interest, and 

SuMiHD’s indirect subsidiaries Nikko Asset Management Americas, Inc. and Sumitomo Mitsui 

Asset Management Americas, Inc.

(1) The names of material entities; 

SuMiHD has one material entity concerning the core business line that has been identified for 

purposes of this Resolution Plan, namely, SuMiTBNY. SuMiTBNY is licensed by the New York 

State Department of Financial Services (the “NYSDFS”) as a branch of a foreign bank. As a 

branch, SuMiTBNY is a part of SuMiTB and has no branches, subsidiaries, or joint ventures. 

(2) A description of core business lines;

SuMiHD has identified the wholesale lending activities (“Wholesale Lending”) of SuMiTBNY

as its only core business line. Wholesale Lending consists of both bilateral loans and syndicated 

loans, in which SuMiTBNY participates, and securities investments, and are made mostly to 

U.S.-based borrowers and, to a lesser degree, internationally-based borrowers. As of March 31, 

 

1 This Resolution Plan refers to sections of the Plan Rules without reference to the relevant CFR title and part (e.g. 

“Section .2(f)(1)(iii) of the Plan Rules means 12 CFR 243.2(f)(1)(iii) and 12 CFR 381.2(f)(1)(iii)).
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20222, the aggregate amounts of loans and securities investments outstanding made by 

Wholesale Lending were approximately $13,667 million and $4,520 million, respectively.

(3) The identities of the principal officers

The principal officers of SuMiHD as of July 1, 2022 are as follows:

Toru Takakura Director, President, Executive Officer

Jiro Araumi Director, Deputy President, Executive Officer

Nobuaki Yamaguchi Director, Senior Managing Executive Officer

Kazuya Oyama Director, Executive Officer

Tetsuo Ohkubo Director

Masaru Hashimoto Director

Kuniyuki Shudo Director

Kouji Tanaka Director

Isao Matsushita External Director

Shinichi Saito External Director

Hiroko Kawamoto External Director

Mitsuhiro Aso External Director

Nobuaki Katoh Externa Director

Masanori Yanagi External Director

Kaoru Kashima External Director

Futoshi Itani Senior Managing Executive Officer

Junya Ueda Managing Executive Officer

Yasuyuki Suzuki Managing Executive Officer

Toshiaki Nakano Managing Executive Officer/Executive Officer

Manatomo Yoneyama Managing Executive Officer

Atsushi Matsumoto Managing Executive Officer

Masakatsu Sato Managing Executive Officer

Shigenori Ikemura Executive Officer

Yuki Takada Executive Officer

Miyo Yajima Executive Officer

Masaya Yamashiro Executive Officer

Atsushi Kaibara Executive Officer

Seiji Iwakuma Executive Officer

 2 This Resolution Plan uses March 31, 2022, and not December 31, 2021, financial figures. This is because the fiscal 

year of SuMiHD ends on March 31.
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Kengo Noguchi Executive Officer

Shigeki Tanaka Executive Officer

Toshiya Shimobeppu Executive Officer

Kenji Kaiya Executive Officer

Yoshio Hishida Executive Officer

Toshio Masui Executive Officer

Nobuhisa Takahashi Executive Officer

Atsushi Ueda Executive Officer

Shinichi Nonomura Executive Officer

Shinichi Tao Executive Officer

Riro Sato Executive Officer

Akira Ojima Executive Officer

Tomoya Hirano Executive Officer

Hideki Kiya Executive Officer

Takahiro Yoshida Executive Officer

The principal officers of SMTBNY as of July 1, 2022 are as follows:

Principal Officers

Sumitomo Mitsui Trust Bank Limited New York Branch

Position Name

General Manager and Regional Executive, 

Americas Atsushi Ueda

General Manager, New York Unit Iichiro Ohara

General Counsel, Americas, 

Adviser, Global Legal and Compliance Bruce Ortwine

Senior Executive Vice President Suraj Bhatia

Executive Vice President

Executive Vice President

YasuhikoTara

Kenichi Kajihara

Executive Vice President Yoshinori Iijima

Executive Vice President Viana Ng
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(4) A description, at a high level, of the covered company’s resolution strategy, covering 

such items as the range of potential purchasers of the covered company, its material 

entities and core business lines. 

An insolvency of SuMiTBNY, including Wholesale Lending, is determined by the insolvency 

provisions of Article 13 of the New York Banking Law. For purposes of this Resolution Plan, 

SuMiHD’s resolution strategy is to wind down the operations of Wholesale Lending. SuMiHD

expects the resolution of SuMiTBNY would be both straight-forward and carried out in a 

relatively timely manner given the liquidity and high credit quality of the Wholesale Lending 

loan assets and a large number of potential purchasers for those assets, though the expected value 

and liquidity of the Wholesale Lending loan assets, the timing for sale of those assets, or both, 

may vary depending on the specific scenario. 

End