Japan Mitsubishi UFJ Financial Group to Establish Asset Management as 4th Pillar of Group Alongside Bank, Trust Bank & Securities Business, Sets Goal to Become Japan Top Asset Management Firm & Doubling AUM from Current $678 Billion to $1.35 Trillion by 2030
25th January 2024 | Hong Kong
Japan Mitsubishi UFJ Financial Group is establishing asset management as the 4th pillar of the group alongside bank, trust bank & securities business, setting the goal to become Japan top asset management firm and doubling AUM from current $678 billion to $1.35 trillion by 2030. Mitsubishi UFJ Financial Group (15/1/24): “MUFG today announced that it has formulated an asset management business strategy (detailed in the appendix) with the aim of contributing to making Japan a leading asset management center by creating a virtuous cycle of growth and asset income. Amid growing momentum for industry-wide reforms in the wake of the Japanese government’s announcement of its vision to promote Japan as a leading asset management center, the asset management business represents a key endeavor for creating a virtuous cycle of growth and asset income, as well as stimulating the Japanese economy by accelerating the shift from savings to investment and asset formation, and MUFG is positioning this business as one of our medium- to long-term growth strategies. As a global comprehensive financial services group, we will empower people to build more prosperous lives by promoting investment and supporting asset formation through further enhancing our industry-leading asset management and investor services, and providing customer-centered professional investment. Our goal for the asset management (AM) business is to become “Japan’s number one AM firm with a global presence” by providing investment services that exceed customers’ expectations though enhancing our investment capabilities—with expertise gathered from both within and outside MUFG—while strengthening the governance framework of our asset management companies. Our target is to double assets under management from the current 100 trillion yen to 200 trillion yen by the end of fiscal year 2029. In terms of business strategy, we define the AM business as one of MUFG’s core businesses and position our asset management company, Mitsubishi UFJ Asset Management (MUAM), as our fourth pillar alongside the Bank, the Trust Bank, and the Securities business. In the investor services (IS) business, we will leverage our advantage of being Japan’s number one investor services provider to promote business process outsourcing (BPO) service contracting for middle and back-office operations. Our aim is to contribute to improving the efficiency of the entire asset management industry by providing an environment where asset management companies and institutional investors can concentrate on investing. Our target for business volume is to double our BPO contracting balance from 40 trillion yen to 100 trillion by March 31, 2030.”
“ Japan Mitsubishi UFJ Financial Group to Establish Asset Management as 4th Pillar of Group Alongside Bank, Trust Bank & Securities Business, Sets Goal to Become Japan Top Asset Management Firm & Doubling AUM from Current $678 Billion to $1.35 Trillion by 2030 “
Japan Mitsubishi UFJ Financial Group to Establish Asset Management as 4th Pillar of Group Alongside Bank, Trust Bank & Securities Business
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 120,000 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.
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