Sumitomo Mitsui Trust Bank agrees to a strategic partnership with New Zealand-based infrastructure investor Morrison, with the bank taking a 15% stake in Morrison. The deal is reported as a $2 billion partnership, aimed at expanding investment opportunities for Sumitomo Mitsui Trust’s Japanese customers. Under the arrangement, the stake provides a mechanism for the bank to participate in Morrison’s infrastructure investments, while also linking Morrison’s projects with demand from Japanese investors. Multiple outlets describe the same core terms: the ownership portion, Morrison’s New Zealand base, and the objective of delivering “fresh investment opportunities” to clients in Japan. The reporting does not include additional details such as deal timing, regulatory approvals, board composition, or specific investment allocation amounts beyond the partnership’s headline value and the 15% stake. The partnership is therefore presented primarily as a cross-border distribution and investment-access agreement between a Japanese trust bank and an infrastructure investor in New Zealand.