MUFG Bank, Ltd. and Mitsubishi UFJ Securities Holdings Co., Ltd. have announced a strategic reorganization set to transform their international securities operations. Under this plan, MUFG Bank will acquire 100% ownership of three overseas securities subsidiaries—MUFG Securities EMEA plc, MUFG Securities Asia Limited, and MUFG Securities (Canada), Ltd.—currently owned by MUSHD. These entities will become direct subsidiaries of MUFG Bank, with the reorganization scheduled for completion on July 1, 2025, subject to approvals from relevant regulatory authorities.
Purpose of the Reorganization
The reorganization aligns with the 2024 Medium-Term Business Plan (MTBP), which emphasizes seven strategies for growth, including the “evolution of an integrated GCIB/Global Markets business model.”
MUFG Bank’s integration strategy seeks to consolidate operations of its Global Corporate and Investment Banking (GCIB) Business Unit and Global Markets Business Unit. While these units have already promoted collaborative efforts between banking and securities, the next step involves transcending traditional operational boundaries to:
- Address diverse client needs in the international wholesale business.
- Enhance group-wide decision-making by streamlining operational frameworks.
- Enable flexible and efficient allocation of resources across the organization.
- Strengthen the competitive edge in product offerings and value chain management.
Expected Benefits of the Reorganization
The integration aims to bolster MUFG Bank’s international securities business by improving decision-making, resource allocation, and operational platforms.
| Area | Expected Benefits |
|---|---|
| Decision-Making | Faster, more integrated decisions across the group, enabled by streamlined management frameworks. |
| Resource Allocation | Enhanced flexibility in utilizing and developing human and financial resources between the Bank and Securities. |
| Platform Enhancement | Advanced risk management, operational integration, and other support frameworks between Bank and Securities. |
This restructuring positions MUFG Bank to better support its clients by providing seamless, integrated solutions within its international wholesale operations.
Post-Reorganization Management Framework
Currently, MUSHD manages the international securities business based on its expertise, including operations of MUFG Securities Americas Inc., a subsidiary of MUFG Bank. After the reorganization:
- Capital Relationships and Management Frameworks: These will be unified under MUFG Bank for improved oversight and alignment.
- Leveraging Expertise: The expertise developed by MUSHD in managing international securities businesses will continue to play a critical role.
- Operational Synergies: Collaboration between domestic and international securities businesses will be maintained, ensuring continuity and growth.
- Integrated Frameworks: A unified management and business promotion framework will merge the capabilities of both MUFG Bank and Securities.
Next Steps and Future Plans
MUFG Bank and MUSHD will undertake the necessary legal and procedural steps to finalize the reorganization, including obtaining approvals from regulatory authorities in Japan and abroad. Given the complexity of the process, the reorganization is targeted for completion by July 1, 2025.
This strategic move is expected to strengthen MUFG’s position in the global financial markets by creating a more agile, resourceful, and client-focused organization. The integration underscores MUFG’s commitment to achieving its vision of an advanced, fully integrated banking and securities business model, ready to navigate the evolving global financial landscape.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 140,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
1As MUFG Securities Americas Inc. is already a subsidiary of MUFG Bank, Ltd. through MUFG Americas Holdings Corporation (hereinafter, “MUAH”), a bank holding company, it is not subject to this bank reorganization.
2Global Corporate & Investment Banking Business Unit
3Global Markets Business Unit
