Sumitomo Mitsui Trust Asset Management (SuMi TRUST), one of Japan’s largest asset managers with $623bn* in assets under management (AUM), has appointed Royanne Doi to its board of directors as an independent non-executive director. With Ms. Doi’s appointment, independent directors will comprise half of the board of directors at SuMi TRUST.

Ms. Doi, a U.S. national, has extensive legal and global business experience in both the U.S. and Japan. She is well versed in global compliance, corporate ethics, and corporate governance at both global and Japanese financial institutions. In addition to her time at Prudential Financial Inc. as Chief Compliance Officer for International Insurance and Corporate Chief Ethics Officer, she served as Senior Regional Counsel for Asia Pacific for Investor Services at State Street, and also served as Legal/Government Affairs Representative at CIGNA Accident & Fire Insurance Company, Ltd. Ms. Doi is currently Nomination Committee Chair and Outside Director at Gojo & Company.

The appointment of Ms. Doi forms part of SuMi TRUST’s efforts at advancing corporate governance. Her addition will make the board more diverse and help broaden our perspectives.

David Semaya, Executive Chairman and Representative Director, said: “We are pleased to welcome Royanne to the board. Her rich experience in the global financial industry and her expertise in global compliance and ethics will help us in our mission to continue to lead the industry in corporate governance, stewardship and inclusivity. We believe that increasing the diversity of our board is an important part of our commitment to ensuring that we are a welcoming and inclusive place to work.”

Ms. Doi is also active in a wide range of fields outside of the business world. She recently served as Chairman of the Board on the U.S.-Japan Council (Japan) as well as a special appointment as an Adjunct Professor at the Hitotsubashi University School of Business.

Ms. Doi is a member of California Bar (active) and a member of Hawaii Bar (inactive).  She holds a B.A. Degree in Philosophy (Magna Cum Laude and member of Phi Beta Kappa) from Washington University, in St. Louis, Missouri, and a Juris Doctorate degree from The University of California, School of Law, Los Angeles. She lives in Tokyo and speaks native English and business Japanese.

*As of the end of August 2022

About SuMi TRUST

SuMi TRUST is one of the largest asset management companies in Japan and Asia, with over USD 623 billion* in assets under management. As a responsible institutional investor with the corporate vision of “Realizing opportunities today to ensure sustainable prosperity for tomorrow”, SuMi TRUST is committed to addressing ESG issues from a global perspective through constructive dialogue with companies in its portfolio and collaboration with international organizations promoting ESG efforts in various fields. In addition to pursuing new forms of asset management that is appropriate for the times, by contributing to the development of a more prosperous and sustainable society, we will strive to maximize the medium- to long-term investment returns of our customers.

(*) As of the end of August 2022

Disclaimer

This document has not been approved by or registered with any regulatory or governmental authority in any jurisdiction. The information and opinions contained in this document do not purport to be full or complete and do not constitute investment advice. All copyrights regarding this material, other than the parts quoted from other companies’ materials, belong to Sumitomo Mitsui Trust Asset Management Co., Ltd. This material may not be used or reproduced in part or in whole for any purpose without its express permission. Should you have any questions as to this material, please address them to its Global Business Development Department or Stewardship Development Department.

This marketing communication is issued by Sumitomo Mitsui Trust International Limited (“SMTI”). SMTI is authorised and regulated by the United Kingdom’s Financial Conduct Authority (the “FCA”), whose address is 12 Endeavour
Square, London, E20 1JN, United Kingdom.

This marketing communication has been made available to you only because SMTI has classified you as a professional client in accordance with the FCA’s rules. If you have received this marketing communication from a source other than SMTI, you should contact SMTI before using it or relying on it. You must not send this marketing communication to any other person without first having received written approval from SMTI.

The information contained in this marketing communication (the “Material”) is being made available for information purposes only and is designed to provide information on the investment services which SMTI may offer to clients. Nothing in the Material amounts to or should be construed as an actual offer by SMTI to provide any investment services to any person. If SMTI agrees to provide any investment services to any person, those services will be the subject of a separate written agreement between SMTI and that person. Furthermore, the Material has not been prepared with any consideration of the individual circumstances of any person to whom it is communicated. Accordingly, it is not intended to, and does not, constitute a personnel recommendation in relation to the purchase or sale of, or exercise of any rights in relation to, any financial instruments or advice in relation to any investment policy or strategy to be followed. The Material also does not contain the results of any investment research carried out by SMTI and is not intended to amount to a financial promotion of any particular financial instrument which may be referred to in it.

While SMTI uses all reasonable endeavours to ensure the Material is accurate, it has not been prepared with a view to any person relying on it. Accordingly, SMTI accepts no responsibility for any loss caused to any recipient of this document as a result of any error, inaccuracy or incompleteness in the Material, nor for any error in the transmission or receipt of this communication.

Any enquiries regarding the products should be made to:
Shigeo Mito
Head of Investment Management Department
Sumitomo Mitsui Trust International Limited
155 Bishopsgate, London EC2M 3XU, United Kingdom
Direct: +44 20 7562 8446
Email: imd@smtil.com
Sumitomo Mitsui Trust International Limited is authorised and regulated by the
Financial Conduct Authority
© Sumitomo Mitsui Trust International Limited 2022