Sumitomo Mitsui Trust Group has appointed Yoshio Hishida as head of global business development. In his new role, Hishida will lead the global business development of the trust's asset management business as part of his expanded role at Sumitomo Mitsui Trust Group. Currently, Hishida serves at Sumitomo Mitsui Trust Group as managing executive officer. He also serves at the Securities Analysts Association of Japan as director.