Mitsubishi UFJ Financial Groups securities joint venture with Morgan Stanley will take a majority stake in the Japanese banks wealth-management business, deepening ties between the two firms.
Mitsubishi UFJ Morgan Stanley Securities will hold 75% of the private banking unit of Japans biggest lender, the two companies said in a statement in Tokyo last week, without disclosing a price. Mitsubishi UFJs main commercial banking unit will hold the remaining 25%.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access