MUFG Bank reorganizes overseas securities subsidiaries
Three securities firms will now become direct subsidiaries of the bank.
MUFG Bank will acquire 100% of shares in three overseas securities subsidiaries currently owned by Mitsubishi UFJ Securities Holdings Co. Ltd. (MUSHD), the bank announced in late December 2024.
MUFG Securities EMEA plc, MUFG Securities Asia Limited, and MUFG Securities (Canada) Ltd. will become direct subsidiaries of MUG Bank following the acquisition.
The reorganization is scheduled for 1 July 2025, subject to approvals from relevant regulatory authorities.
The move is part of MUFG’s integration strategy and is expected to strengthen the Japanese megabank’s operational framework.
It is also expected to enhance product competitiveness and strengthen its value chain, by allowing swifter decision-making and better resource allocation, the bank said in a statement posted on its website.