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Bank of Hawaii Announces Collaboration Agreement with SMBC Trust Bank in Japan

Monday, May 14, 2018


Peter Ho and Mr. Hidetoshi Furukawa

Today, Bank of Hawaii and SMBC Trust Bank in Japan signed a unique collaboration agreement to provide access to select private banking services for Japan clients entering Hawaii. Bank of Hawaii and SMBC Trust Bank will offer its Japanese clientele enhanced personal service, including entrée to Bank of Hawaii’s Japanese-speaking private banking staff and to its trust and real estate specialists. Additional benefits of the agreement will include discounted wire transfer services between the two banks, seminar offerings and development of other products and services to meet the needs of private bank clients such as trust planning, loan, and real estate solutions. In turn, SMBC Trust Bank will assist Bank of Hawaii private bank clients seeking special banking services in Japan.

“Hawaii continues to provide a favorable investment environment for Japanese investors,” said Peter Ho, Bank of Hawaii chairman, president and CEO, “and this agreement will help both banking organizations develop new and long-term client relationships.”

SMBC Trust Bank offers a wide range of trust solutions to meet the needs of its consumer and corporate clients in the areas of wealth and business succession planning in Japan. It is a subsidiary of the $1.5 trillion Sumitomo Mitsui Banking Corp.

Established in 1897, Bank of Hawaii is an independent regional financial services company serving businesses, consumer and government in Hawaii, American Samoa and the West Pacific with 69 branches and over 400 ATMs. The Private Bank division provides an enhanced personalized approach for high net-worth clients. The services provided are customized lending, investment options, estate and tax planning and trust services, which are competitive and unique products.

Photo Courtesy of SMBC Trust Bank.
President and CEO of SMBC Trust Bank Mr. Hidetoshi Furukawa and Chairman, President and CEO of Bank of Hawaii Peter S. Ho sign an official agreement at SMBC Trust Bank’s headquarters at Nishi-Shimbashi Square in Tokyo, Japan, on Monday, May 14.