MUFG launches new securities subsidiary in Amsterdam
MUFG has opened its new indirect subsidiary – MUFG Securities (Europe) N.V., in Amsterdam.
Mitsubishi UFJ Securities Holdings Co., Ltd., a part of Mitsubishi UFJ Financial Group Inc (TYO:8306), has earlier today 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.
The address of the new business is: Zuidplein 98, WTC Tower H, 1077XV Amsterdam, the Netherlands.
In December 2018, MUFG announced that MUFG Securities (Europe) N.V., was granted a license to operate as an investment firm by the Dutch Authority for the Financial Markets. The company sees the license is a major step towards ensuring that MUFG will be in a position to continue to provide securities services to its clients across Europe after Brexit.
Earlier in December 2018, Mizuho Securities Europe GmbH, established in Frankfurt as a subsidiary of Mizuho International plc – the UK business of Mizuho Securities, was granted a MiFID investment services license by Germany’s financial regulator BaFin. The aim of the move was also to secure smooth and uninterrupted continuation of trading activities with clients in case of a hard Brexit.
Other online trading companies have also opted to secure non-UK licenses in order to prepare themselves for all possible consequences of Brexit. Electronic trading major IG Group Holdings plc (LON:IGG), for instance, has recently confirmed that IG Europe, the Group’s client facing subsidiary in Germany, has received its licence from BaFin. IG’s new client facing subsidiary in Germany, IG Europe, launched operations at the end of January 2019.
