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Mitsubishi UFJ Financial Group Inc. (MUFG) has planned to merge its securities unit, Mitsubishi UFJ Securities Co with Morgan Stanley Japan Securities. As per sources, this merger between the two giant companies will make MUFG as one of the largest wholesale securities service firms in Japan. MUFG has announced to acquire a 21 percent stake in Morgan Stanley on a voting rights basis for 9 billion U.S. dollars. Morgan Stanley is the second-largest U.S. investment bank.
Mitsubishi UFJ Financial Group Inc holds an asset of around US$1.2 trillion and is one of the main companies of the Mitsubishi Group. The headquarters of the company are situated at Chiyoda, Tokyo. The company was formed on October 1, 2005 with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG). According to current repots, both MUFG and Morgan Stanley are discussing the method and timing of the merger and will soon come out strategies to expand their global business.
