Mitsubishi UFJ Financial Group
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ABOUT THIS COMPANY:
Global giant
Mitsubishi UFJ Financial Group (MUFG) was formed as a result of the 2005 merger between Mitsubishi Tokyo Financial Group and UFJ Holdings. The company is now the world's biggest bank by assets, with JPY 198.73 trillion under control. MUFG's 45,182 employees provide deposit, lending, leasing, investment advice and trust services in Japan and internationally in more than 40 other countries. In 2009, MUFG ranked No. 128 on the Fortune Global 500 list of the world’s largest corporations.
MUFG operates in three core business areas: retail banking, corporate banking and trust assets. In corporate banking, which accounts for over 60 percent of MUFG's business, the firm focuses primarily on investment banking, offering advisory services on mergers and acquisitions, inheritance-related business transfers and stock listings. Mitsubishi UFJ Securities, a 60-year-old securities arm, became a subsidiary of MUFG in September 2007. The firm also operates Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Trust and Banking. In the U.S., MUFG owns 65 percent of UnionBanCal, parent to Union Bank of California.
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