Jul
02
MUFG to Add 100 Private Bankers at Venture With Morgan Stanley
By-
Will move staff from lending unit, brokerage chief Araki says
- Seeking to tap Morgan Stanley’s expertise via staff exchanges
Mitsubishi UFJ Financial Group Inc. plans to add 100 private bankers to its securities venture with Morgan Stanley and tap the Wall Street firm’s expertise to expand its business serving rich Japanese.
MUFG will transfer the staff from its lending arm over the next three years, increasing the number of financial advisers at Mitsubishi UFJ Morgan Stanley Securities Co. to about 280, the brokerage’s Chief Executive Officer Saburo Araki said in an interview. The venture plans to invite Morgan Stanley employees to Tokyo and dispatch staff to New York as part of its effort to improve its offerings to wealthy clients, Araki said…
MUFG to Add 100 Private Bankers at Venture With Morgan Stanley
