Mitsubishi UFJ Morgan Stanley Securities and Mitsubishi UFJ Morgan Stanley PB Securities to merge

Maria Nikolova

Mitsubishi UFJ Morgan Stanley Securities will be the surviving company and will aim to reinforce the wealth management business.

Mitsubishi UFJ Financial Group Inc (TYO:8306) has earlier today announced that two of its subsidiaries are about to merge. As per the press release by the Group, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS) and Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. (PB Securities) have agreed on a merger.

MUMSS will be the surviving company and will aim to reinforce the wealth management business. In line with this, MUMSS and MUFG Bank, Ltd. have reached an agreement with regard to the transfer of PB Securities shares held by MUFG Bank. The agreement covers the transfer of all of PB Securities shares held by MUFG Bank (24,407 shares (25.00%)) to MUMSS.

The merger between MUMSS and PB Securities is tentatively scheduled for the second half of fiscal 2019.

The parties in the transaction have all recognized the necessity of the merger in order to maximize the know-how of PB Securities and to meet the diverse needs of MUFG customers while delivering extensive solutions by MUFG to PB Securities’ existing customers more smoothly.

Speaking of MUFG’s securities business, let’s note that, on March 25, 2019, Mitsubishi UFJ Securities Holdings Co., Ltd. announced the opening of its new indirect subsidiary, MUFG Securities (Europe) N.V. in Amsterdam, along with its branch in Paris. MUFG Securities (Europe) N.V. aims to guarantee that MUFG can continue to provide securities services to its clients across Europe after the United Kingdom leaves the EU.

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