Bank of Hawaii and SMBC Trust Bank in Japan signed a collaboration agreement Monday in Tokyo to provide access to select private banking services for Japan clients entering Hawaii.
Bank of Hawaii, the state’s second-largest bank, and SMBC Trust Bank, a subsidiary of the $1.5 trillion Sumitomo Mitsui Banking Corp., will offer their Japanese clientele enhanced personal service, including access 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 Bank of Hawaii Chairman, President and CEO Peter Ho, who was in Tokyo to sign the agreement with Hidetoshi Furukawa, president and CEO of SMBC Trust Bank. “This agreement will help both banking organizations develop new and long-term client relationships.”