Is Sumitomo Japan Trust an investment bank?

Sumitomo Trust is the abbreviation of Sumitomo Mitsui Trust Bank in Japan. Now there are banks and trust banks in Japan, and Sumitomo Mitsui belongs to the latter. Sumitomo Mitsui Trust Bank is the name after the merger of Sumitomo Trust Bank and Central Mitsui Trust Bank last year. The distinction between trust and bank in Japan is quite different from that in China. Trust banks can engage in almost all banking business. Therefore, Sumitomo Mitsui Trust is not an investment bank. Sumitomo Mitsui Trust owns Nikko Assets, an investment bank that acquired Citibank's investment banking business in Japan. For your reference. In addition, all Sumitomo groups are just a loose and formal group.