MUFG Bank and Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD) today announced that MUFG Bank will acquire 100% of shares of the following overseas securities subsidiaries: MUFG Securities EMEA plc, MUFG Securities Asia Limited, and MUFG Securities (Canada), Ltd. currently owned by MUSHD.
These entities will become direct subsidiaries of MUFG Bank.
MUFG Bank commented:
“By integrating the management of the international securities business into MUFG Bank and reorganizing the overseas securities subsidiaries as direct subsidiaries of the Bank, we aim to strengthen the integrated operational framework of the Bank and Securities in our international wholesale business and to achieve the “evolution of the GCIB/Global Markets integrated business model” allowing for enhanced product competitiveness…
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