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Giant Japanese Asset Manager Forms UK Pact
Editorial Staff
9 January 2024
Sumitomo Mitsui Trust Asset Management Osmosis, founded in 2009 and headquartered in London, is a research-based, quantitative investment manager.
, the Japanese group, has formed a strategic partner with Osmosis, a UK sustainable investment house. As part of the pact, SMTAM has acquired a minority stake in the UK firm.
The firms will develop products and strategies, drawing on the efforts of their research teams.
The SuMi TRUST AM stake is subject to approval by the Financial Conduct Authority, the UK regulator, and likely to be completed by the end of April 2024.
The Japanese firm oversaw $573 billion assets under management as of the end of September 2023.