Japan Trustee Services Bank

, or JTSB, is a trust bank in Japan. JTSB is a joint venture between Resona Bank and Sumitomo Mitsui Trust Holdings, and acts as a subcontracted trustee for both banks to hold their customers' assets, which include pension fund and investment trust assets. Its main competitors are The Master Trust Bank of Japan (controlled by Mitsubishi UFJ Financial Group and Nippon Life Insurance) and Trust & Custody Services Bank (controlled by Mizuho Financial Group). JTSB's SWIFT (ISO 9362) code is JTSBJPJT. History JTSB was established on June 20, 2000, by Daiwa Bank and Sumitomo Trust & Banking Co., Ltd. and began operations on July 25, 2000. Sumitomo Trust transferred part of its trust business and other assets to JTSB in October 2000, and Daiwa followed suit in June 2001. The Mitsui Trust Financial Group invested in JTSB in 2002 and transferred some of its trust operations to JTSB in 2003.