Mitsubishi UFJ Financial Group (MUFG) is planning to merge its two asset management subsidiaries on 1 July2015 to improve business efficiency.
Mitsubishi UFJ Asset Management Co (MUAM) has signed a memorandum of understanding with KOKUSAI Asset Management Co (KAM) to create a new organizational structure to boost the group’s asset management business.
Following the merger, the new firm will leverage the strengths of both MUAM and KAM to enhance its asset management ability as well as enhance management efficiency and deliver value-added asset management services.
In addition, the new company aims to boost its services by combining MUAM and KAM’s expertise to enhance its line-up of products that address a range of customer needs. It will also continue to provide asset management services.
Terms of the deal including new company’s post-merger name, shareholding structure and personnel have not been disclosed.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData