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is a Japanese bank holding and
financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
company headquartered in
Chiyoda, Tokyo , known as Chiyoda City in English,
." ''City of Chiyoda''. Retrieved on December 28, 2008.
is a S ...
, Japan. MUFG was created in 2005 by merger between and UFJ Holdings (株式会社UFJホールディングス; ''kabushikigaisha yūefujei hōrudingusu''). These two groups in turn brought together multiple predecessor banks including
Mitsubishi Bank The was a major Japanese bank headquartered in Tokyo, founded in 1880. For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank, Mitsui Bank, Sumitomo Bank, and Yasuda / Fuji Bank. It served as the ma ...
(est. 1880),
Yokohama Specie Bank The was a Japanese bank founded in Yokohama in 1880, which dominated the Japanese market for trade finance in subsequent decades. It has been described as a "quasi-governmental exchange bank that was the overseas financial agent of the Japanese ...
(est. 1880 as a policy bank, reorganized after World War II as
Bank of Tokyo was a Japanese foreign exchange bank that operated from 1946 to 1996. In January 1996, it merged with Mitsubishi Bank to form The Bank of Tokyo-Mitsubishi (now MUFG Bank). Its headquarters was in the Nihonbashi district of Tokyo, adjacent to the ...
),
Sanwa Bank The was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It resulted from the merger of three local banks, (est. 1877 as 13th National Bank), (est. 1878), and (est. 1879 as 148th National Bank). In 2002, Sanwa ...
(est. 1933 by merger of prior institutions), and
Tokai Bank The Tokai Bank was a leading commercial bank in Japan, based in Nagoya. In the second half of the 20th century, it was the dominant bank in the Chūkyō metropolitan area of central Japan, the home of Toyota and other manufacturing firms. Tokai Ba ...
(est. 1941 by merger). MUFG holds
asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...
s of around US$2.7
trillion ''Trillion'' is a number with two distinct definitions: *1,000,000,000,000, i.e. one million 1,000,000, million, or (ten to the twelfth Exponentiation, power), as defined on the long and short scales, short scale. This is now the meaning in bot ...
as of 2024 and is the parent company of fully-owned
MUFG Bank is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group (MUFG). It was established on January 1, 2006 through the merger of the and , two major banking groups that themselves were the product of recent banking ...
(branded Bank of Tokyo Mitsubishi UFJ or BTMU until July 2018),
Mitsubishi UFJ Trust and Banking Corporation is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese financial services group that is the largest in the world measured by assets. The bank is headquartered in Tokyo, Japan. The merger of Mitsubishi Tokyo Financial Group ...
,
Mitsubishi UFJ Securities , also known as MUFG Securities, is the investment banking arm of the Mitsubishi UFJ Financial Group (MUFG), a financial services company which is the largest in Japan measured by assets. The company is headquartered in Tokyo, Japan. Overview ...
, Mitsubishi UFJ Capital, and MUFG Americas Holdings Corporation; majority shareholder of
Bank Danamon PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank in Indonesia by asset size. History In December 2017, Japan's Mitsubishi UFJ Financial Group is a Japanese bank holding and financial s ...
in Indonesia,
Bank of Ayudhya Bank of Ayudhya Public Company Limited, branded and commonly referred to as Krungsri (sometimes stylized as krungsri), is the fifth largest bank in Thailand in terms of assets, loans, and deposits, and one of Thailand’s six Domestic Systemical ...
in Thailand, and
Mitsubishi UFJ NICOS Mitsubishi UFJ NICOS Co., Ltd., formerly named Nippon Shinpan, is a Japanese company. It was established in 1951 and became Japan's first and largest credit company during the post-World War Japanese economic boom. Now part with Mitsubishi UFJ F ...
in Japan; and a large minority shareholder in the
Master Trust Bank of Japan is a trust bank in Japan. It was founded in 2000 and claims to be the first trust bank in Japan to be exclusively engaged in asset administration business. The company's shareholders are Mitsubishi UFJ Trust and Banking Corporation (46.5%), N ...
,
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
in the United States,
Security Bank Security Bank Corporation (SBC, ) is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period. Security ...
in the Philippines, and
Vietinbank The Vietnam Joint Stock Commercial Bank for Industry and Trade (), trading as Vietinbank, is a state-owned Vietnamese bank. As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion (around $76 billion) of assets under management. ...
in Vietnam. It retains strong links with the
Mitsubishi Group The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group traces its origins to the Mitsubishi zaibatsu, a unified company that existed from 1870 to 1946 ...
and is often described as one of that group’s "Three Great Houses", together with
Mitsubishi Corporation is a Japanese general trading company ( ''sogo shosha'') and a core member of the Mitsubishi Group. For much of the post-war period, Mitsubishi Corporation has been the largest of the five great ''sogo shosha'' (Mitsubishi, Mitsui, Itochu, S ...
and
Mitsubishi Heavy Industries is a Japanese Multinational corporation, multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the prede ...
. MUFG is Japan's largest financial group and one of the world's ten largest
bank holding companies A bank holding company is a Holding company, company that controls one or more banks, but does not necessarily engage in banking itself. The Compound (linguistics), compound bancorp (''banc''/''bank'' + ''corporation, corp
ration Rationing is the controlled distribution (marketing), distribution of scarcity, scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resourc ...
') or banco ...
holding around US$1.5 trillion (JP¥227 trillion) in deposits as of April 2024. In Japan, it is the largest of the three so-called megabanks with $2.9 trillion in total assets at end-March 2023, ahead of
SMBC Group , initialed as SMFG until 2018 and SMBC Group since, is a major Japanese multinational financial services group and holding company. It is the parent of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Trust Bank, and SMBC Nikko Securities. SMB ...
($2.0 trillion) and
Mizuho Financial Group The , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000-2002 by merger of Dai- ...
($1.9 trillion). It has been consistently listed as a
systemically important bank A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail". As the 2008 financial cri ...
by the
Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in the 2009 G20 Pittsburgh Summit as a successor to the Financial Stability Forum (FSF) ...
.


History

MUFG was formed by three successive mergers in a sequence that lasted less than a decade, respectively between
Bank of Tokyo was a Japanese foreign exchange bank that operated from 1946 to 1996. In January 1996, it merged with Mitsubishi Bank to form The Bank of Tokyo-Mitsubishi (now MUFG Bank). Its headquarters was in the Nihonbashi district of Tokyo, adjacent to the ...
and
Mitsubishi Bank The was a major Japanese bank headquartered in Tokyo, founded in 1880. For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank, Mitsui Bank, Sumitomo Bank, and Yasuda / Fuji Bank. It served as the ma ...
in 1996, between
Sanwa Bank The was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It resulted from the merger of three local banks, (est. 1877 as 13th National Bank), (est. 1878), and (est. 1879 as 148th National Bank). In 2002, Sanwa ...
,
Tokai Bank The Tokai Bank was a leading commercial bank in Japan, based in Nagoya. In the second half of the 20th century, it was the dominant bank in the Chūkyō metropolitan area of central Japan, the home of Toyota and other manufacturing firms. Tokai Ba ...
and
Toyo Trust and Banking Toyo may refer to: Places *Tōyō, Kōchi, a town in Japan * Tōyo, Ehime, a former city in Japan * Toyo Province, a Japanese province divided in 683 * Tōyō, Kumamoto, a village located in Yatsuhiro District, Kumamoto, Japan * Tōyō, Tokyo ...
in 2000-2002, and between the two resulting entities in 2005. The institutions involved in these mergers combined multiple threads of Japanese financial history, going back to the early
Meiji era The was an Japanese era name, era of History of Japan, Japanese history that extended from October 23, 1868, to July 30, 1912. The Meiji era was the first half of the Empire of Japan, when the Japanese people moved from being an isolated feu ...
. MUFG incorporates several of the
National Banks in Meiji Japan The National Banks in Meiji Japan were a system of organization of the Japanese banking system created in the 1870s, inspired by the U.S. National Bank Act of the previous decade. Under the system, national banks were individually chartered by th ...
, which were numbered in accordance with their chronological date of establishment between 1873 and 1880: * the , est. 1877 in
Toyohashi is a Cities of Japan, city in Aichi Prefecture, Japan. , the city had an estimated population of 377,453 in 160,516 households and a population density of 1,400 persons per km2. The total area of the city was . By area, Toyohashi was Aichi Prefec ...
, merged 1886 into the 134th National Bank; * the , est. 1877 in
Nagoya is the largest city in the Chūbu region of Japan. It is the list of cities in Japan, fourth-most populous city in Japan, with a population of 2.3million in 2020, and the principal city of the Chūkyō metropolitan area, which is the List of ...
, merged 1896 with the 134th National Bank to form , a predecessor of Tokai Bank; * the 13th National Bank, est. 1877 in Osaka, renamed the in 1897, a predecessor of Sanwa Bank; * the , est. 1877 in
Obama, Fukui is a Cities of Japan, city located in Fukui Prefecture, Japan. , the city had an estimated population of 29,435 in 12,057 households and a population density of 240 persons per km2 (327/sq mi). The total area of the city was . Obama gained publi ...
, merged 1927-1928 with Tsuruga Bank then 1938 into Owada Bank, another predecessor of Sanwa Bank; * the 30th National Bank, est. 1878 in Tokyo, acquired 1929 by the 34th Bank; * the 31st National Bank, est. 1878 in Wakamatsu, merged 1888 with the 148th National Bank (see below); * the 34th National Bank, est. 1878 in Osaka, renamed 1896 as or Sanjushi Bank, a predecessor of Sanwa Bank; * the 42th National Bank, est. 1878 in Osaka, restructured 1897 into Kitahama Bank then renamed 1919 into Setsuo Bank, merged 1926 into the 34th Bank; * the 43th National Bank, est. 1878 in
Wakayama Wakayama may refer to: * Wakayama Prefecture, a prefecture of Japan * Wakayama (city), the capital city of Wakayama Prefecture, Japan * Wakayama Station, a train station in Wakayama, Wakayama * Wakayama University, a national university in Wakayama, ...
, split up 1930 into several entities including Daido Bank which merged into the 34th Bank; * the 95th National Bank, est. 1878 in Tokyo, merged 1925 into Yamaguchi Bank (see 148th bank below) after several name changes; * the 100th National Bank, est. 1878 in Tokyo, reorganized 1898 as the or Daihyaku Bank, merged 1927 with Kawasaki Bank and absorbed 1943 by Mitsubishi Bank; * the , est. 1879 in Tokyo, a predecessor of Mitsubishi Bank; * the 121st National Bank, est. 1879 in Osaka, absorbed 1897 by the 34th Bank; * the , est. 1879 in Nagoya, merged 1896 with the 11th National Bank to form Aichi Bank; * the 143th National Bank, est. 1879 in
Yachimata 260px, Peanut fields in Yachimata is a city in Chiba Prefecture, Japan. , the city had an estimated population of 68,769 in 32,118 households and a population density of 920 persons per km2. The total area of the city is . Geography Yachimata i ...
, merged 1880 into the 30th Bank; * the 148th National Bank, est. 1879 in Osaka, reorganized 1898 as , a predecessor of Sanwa Bank; * the , est. 1879 in
Hakodate is a Cities of Japan, city and seaports of Japan, port located in Oshima Subprefecture, Hokkaido, Japan. It is the capital city of Oshima Subprefecture. As of January 31, 2024, the city had an estimated population of 239,813 with 138,807 househol ...
, merged 1885 into the 119th National Bank.


Bank of Tokyo-Mitsubishi merger

Mitsubishi Bank The was a major Japanese bank headquartered in Tokyo, founded in 1880. For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank, Mitsui Bank, Sumitomo Bank, and Yasuda / Fuji Bank. It served as the ma ...
and the
Bank of Tokyo was a Japanese foreign exchange bank that operated from 1946 to 1996. In January 1996, it merged with Mitsubishi Bank to form The Bank of Tokyo-Mitsubishi (now MUFG Bank). Its headquarters was in the Nihonbashi district of Tokyo, adjacent to the ...
merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the
Yokohama Specie Bank The was a Japanese bank founded in Yokohama in 1880, which dominated the Japanese market for trade finance in subsequent decades. It has been described as a "quasi-governmental exchange bank that was the overseas financial agent of the Japanese ...
in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking. Both banks were relatively healthy in the wake of the
Japanese asset price bubble The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and the country's economy stagnated. The bubble was characterized by rapid acceler ...
. The merged bank was the fully-owned subsidiary of Mitsubishi Tokyo Financial Group (MTFG), based in Tokyo.


Sanwa-Tokai-Toyo merger into UFJ

Until the Tokyo-Mitsubishi merger in 1996,
Sanwa Bank The was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It resulted from the merger of three local banks, (est. 1877 as 13th National Bank), (est. 1878), and (est. 1879 as 148th National Bank). In 2002, Sanwa ...
, which was based in Osaka and was the anchor of the
Sanwa Group The was a leading Japanese keiretsu, based in Osaka, between World War II and the Japanese asset price bubble in the early 1990s. It remains in existence as a jointly held company called . Sanwa Bank was a major financier for the textile industr ...
keiretsu A is a set of companies with interlocking business relationships and shareholdings that dominated the Japanese economy in the second half of the 20th century. In the legal sense, it is a type of business group that is in a loosely organized al ...
, had been considered the strongest bank in Japan, and it had aimed to be the world's largest bank during the "bubble era". By 2000, however, Sanwa was the fourth largest bank in Japan. It entered into merger talks with two other large banks,
Asahi Bank () is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headq ...
and
Tokai Bank The Tokai Bank was a leading commercial bank in Japan, based in Nagoya. In the second half of the 20th century, it was the dominant bank in the Chūkyō metropolitan area of central Japan, the home of Toyota and other manufacturing firms. Tokai Ba ...
, to create the world's third-largest bank by assets. Asahi pulled out of these talks later that year, and eventually became part of
Resona Holdings () is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headq ...
. By 2001, The Toyo Trust & Banking Co. had been added to the merger and the combined company was to be called United Financial Holdings. The merger was completed in 2002 and the new bank was officially named UFJ Bank Ltd. UFJ Bank was headquartered in
Nagoya is the largest city in the Chūbu region of Japan. It is the list of cities in Japan, fourth-most populous city in Japan, with a population of 2.3million in 2020, and the principal city of the Chūkyō metropolitan area, which is the List of ...
, the historical headquarters of Tokai Bank, while its parent UFJ Holdings (UFJH) was based in
Osaka is a Cities designated by government ordinance of Japan, designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the List of cities in Japan, third-most populous city in J ...
. During its short life, the group was plagued by bad debt problems and by infighting between the employees of its predecessor companies. UFJ was one of the largest shareholders of
Toyota is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manuf ...
. The Chairman of Toyota was a director on its board during the financial scandals and indictments of three UFJ executives.


Formation of Mitsubishi UFJ Financial Group

In July 2004, UFJ Holdings, by then Japan's fourth-largest financial group, offered to merge with the Mitsubishi Tokyo Financial Group. UFJ had been accused by the government of
corruption Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities ...
and making bad loans to the
yakuza , also known as , are members of transnational organized crime syndicates originating in Japan. The Japanese police and media (by request of the police) call them , while the yakuza call themselves . The English equivalent for the term ''yak ...
crime syndicates. The takeover of UFJ by the Mitsubishi Tokyo Financial Group was challenged by the
Sumitomo Mitsui Financial Group , initialed as SMFG until 2018 and SMBC Group since, is a major Japanese multinational financial services group and holding company. It is the parent of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Trust Bank, and SMBC Nikko Securities. SMB ...
which launched a competing takeover bid. MTFG ultimately prevailed in the fight, which appeared to signal an end to the clubby atmosphere that had prevailed in Japan's postwar banking industry. MUFG and SMFG eventually settled the legal dispute for 2.5 billion yen in late 2006. The merged holding company MUFG, based on Tokyo, was formed on 1 October 2005 from the merger of MTFG and UFJH. The two banks, Bank of Tokyo-Mitsubishi and UFJ Bank, merged on 1 January 2006 to form
MUFG Bank is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group (MUFG). It was established on January 1, 2006 through the merger of the and , two major banking groups that themselves were the product of recent banking ...
. The latter transaction was originally scheduled to take place on 1 October 2005, the same day that the parent companies were merged. However, pressure from Japan's
Financial Services Agency The is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operates ...
, which wanted to ensure the smooth systems integration of the two banking giants, caused the merger of the banks to be postponed for three months. The trust banking and securities units of MTFG and UFJ were merged according to the original schedule on 1 October 2005.


Subsequent developments

Mitsubishi Bank and the Bank of Tokyo each had significant banking subsidiaries in California (
Bank of California The Bank of California was opened in San Francisco, California, on July 4, 1864, by William Chapman Ralston and Darius Ogden Mills. It was the first commercial bank in the Western United States, and considered instrumental in developing the Amer ...
and Union Bank respectively) before their merger. At the time of the merger, these U.S. banks also merged to form UnionBanCal Corporation. BTM listed UnionBanCal on the New York Stock Exchange in 1999. In 2008, BTMU purchased all of the outstanding shares of UnionBanCal. BTMU moved its New York-based banking operations to Union Bank and renamed the company
MUFG Union Bank Union Bank was an American national bank with 398 branches in California, Washington, and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022. It was headquartered in New York City ...
in 2014. BTMU was investigated by New York banking regulators over its role in routing payments for Iranian customers through its New York branch in violation of U.S. sanctions. BTMU settled with the state for $250 million in 2013. A second settlement was reached for $315 million in 2014 after it was found that
PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...
had altered an investigation report on the issue; PwC itself was fined $25 million in relation to the matter. In September 2008, MUFG signed a letter of intent with
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
to form an alliance and purchase 20% of the American firm. In 2008 at the ''2008 ALB Japan Law Awards'', Mitsubishi UFJ was crowned: * In-House of the Year – Japan Investment Bank In-House Team of the Year * Deal of the Year – Debt Market Deal of the Year In April 2011, MUFG and
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
entered into an agreement to convert MUFG's outstanding convertible preferred stock in Morgan Stanley into Morgan Stanley stock. In June 2011, MUFG took a 9.99 percent stake in
Lynas Lynas Rare Earths, Ltd. is an Australian rare-earths mining company with two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant (LAMP) in Kuantan, Malaysia. The c ...
Corp, an Australian rare earths developer. On 1 April 2018, the bank was renamed to MUFG Bank Ltd. This name change aligned the bank name with the holding company name by removing "Tokyo" from the name. On 31 October 2018, MUFG to acquire Australian Asset Manager, Colonial First State Global Asset Management.


Group structure


Majority-owned banks

* MUFG Bank, Ltd. * UnionBanCal Corporation in the
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
(approx 63% in Feb 2005; 68% in 2004; 100% in 2008) *
Bank Danamon PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank in Indonesia by asset size. History In December 2017, Japan's Mitsubishi UFJ Financial Group is a Japanese bank holding and financial s ...
in
Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...
(92.47%) *
Bank of Ayudhya Bank of Ayudhya Public Company Limited, branded and commonly referred to as Krungsri (sometimes stylized as krungsri), is the fifth largest bank in Thailand in terms of assets, loans, and deposits, and one of Thailand’s six Domestic Systemical ...
in
Thailand Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...
(76.88% on 5 January 2015; 72% on 19 December 2013) *
Security Bank Security Bank Corporation (SBC, ) is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period. Security ...
, semi-major bank in the
Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...
* , online bank


Minority-owned banks

* (39.9%) * The Master Trust Bank of Japan, Ltd. (46.5%) *
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
(22.41%). On 29 September 2008, Mitsubishi UFJ Financial Group announced that it would acquire a shareholding in Morgan Stanley for US$9 billion. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. Morgan Stanley's share price recovered considerably after Mitsubishi UFJ closed the deal on 14 October 2008. ** The payment from MUFG was supposed to be wired electronically; however, because it needed to be made on an emergency basis on
Columbus Day Columbus Day is a national holiday in many countries of the Americas and elsewhere, and a federal holiday in the United States, which officially celebrates the anniversary of Christopher Columbus's arrival in the Americas. He went ashore at ...
when banks were closed in the US, MUFG cut a US$9 billion physical check, the largest amount written via physical check at the time. The physical check was accepted by
Robert A. Kindler Robert A. Kindler is the Global Chair of Mergers and Acquisitions of Paul Weiss. He previously was Global Head of Mergers & Acquisitions at Morgan Stanley, including as a member of the Management Committee. He graduated magna cum laude from Colgat ...
, Global Head of Mergers and Acquisitions and Vice Chairman of Morgan Stanley, at the offices of Wachtell Lipton. *
Chong Hing Bank Chong Hing Bank is a bank founded in Hong Kong in 1948. It is headquartered in Central, while the back offices are located in Western District and Mong Kok. It was owned by the Liu family of Hong Kong until it was acquired by the Chinese state ...
(9.66%) *
Vietinbank The Vietnam Joint Stock Commercial Bank for Industry and Trade (), trading as Vietinbank, is a state-owned Vietnamese bank. As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion (around $76 billion) of assets under management. ...
(20%), with which the Group decided to establish a strategic partnership in December 2012


Other associated companies

* Trust bank **
Mitsubishi UFJ Trust and Banking Corporation is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese financial services group that is the largest in the world measured by assets. The bank is headquartered in Tokyo, Japan. The merger of Mitsubishi Tokyo Financial Group ...
*
Microfinance Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; saving ...
**
Hattha Kaksekar Hattha Bank (previously Hattha Kaksekar Limited) (HKL) (translated literally from the Khmer, "A Helping Hand for Farmers") is a Cambodian bank and microfinance institution (MFI) in Cambodia. , its loan portfolio was ranked fourth and it had the ...
(Cambodia microfinance institution) *
Securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
** (intermediate holding company) ***
Mitsubishi UFJ Securities , also known as MUFG Securities, is the investment banking arm of the Mitsubishi UFJ Financial Group (MUFG), a financial services company which is the largest in Japan measured by assets. The company is headquartered in Tokyo, Japan. Overview ...
(a retail joint venture between with
Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
) *** (a joint venture between MUFG and Morgan Stanley) *** (private banking brokerage business entities) *** (Internet-only securities) *
Lease A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...
** ** ** * Research and consulting ** ** Mitsubishi Asset Brains ** Mitsubishi UFJ Trust Investment Engineering Laboratory *
System A system is a group of interacting or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its open system (systems theory), environment, is described by its boundaries, str ...
**
Mitsubishi Research Institute DCS Mitsubishi Research Institute DCS (三菱総研DCS), often simply called DCS, for Diamond Computer Service, its former name, is the system integrator of Mitsubishi UFJ Financial Group (MUFG), jointly owned by Mitsubishi Research Institute, Inc. ...
** ** ** ** MU Business Engineering *
Asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...
**
The Master Trust Bank of Japan is a trust bank in Japan. It was founded in 2000 and claims to be the first trust bank in Japan to be exclusively engaged in asset administration business. The company's shareholders are Mitsubishi UFJ Trust and Banking Corporation (46.5%), ...
*
Asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...
** ** MU Investment Advisor ** MUFG Investor Services *
Venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
** Mitsubishi UFJ Capital *
Wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...
** Mitsubishi UFJ Wealth Management Securities ** Mitsubishi UFJ Personal Financial Advisors * Factoring ** Mitsubishi UFJ Factor * Securities agency ** Japan share holder service * Banking agency ** Mitsubishi UFJ Financial Partners *
Foreign currency exchange A bureau de change (plural bureaux de change, both ; British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Originally French, the term () is widely used thro ...
** *
Consumer finance Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events. When planning ...
**
Acom is one of Japan's largest consumer loan companies, (or ''sarakin''). The name "Acom" stands for Affection, Confidence and Moderation. The company was founded by Masao Kinoshita, who was later replaced by his eldest son Kyosuke Kinoshita, the c ...
(equity-method affiliate) * Cards and credit sales **
Mitsubishi UFJ NICOS Mitsubishi UFJ NICOS Co., Ltd., formerly named Nippon Shinpan, is a Japanese company. It was established in 1951 and became Japan's first and largest credit company during the post-World War Japanese economic boom. Now part with Mitsubishi UFJ F ...
** ** JACCS CO., LTD. (affiliated company accounted for by the equity method) ** ** *
Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
** (
unlimited company An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not ...
) * Real estate ** *
Debt collection Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a coll ...
** * Public interest corporation ** Foundation Mitsubishi UFJ Trust Scholarship Foundation ** Mitsubishi UFJ Trust and Regional Culture Foundation ** Mitsubishi UFJ Trust Arts Foundation ** Mitsubishi UFJ International Foundation ** Mitsubishi Economic Research Institute ** Mitsubishi Foundation ** Mitsubishi Yowa


Major shareholders

As of 31 March 2013:


Leadership


Chair

* Ryosuke Tamakoshi (2005–2010) * Takamune Okihara (2010–2014) * Kiyoshi Sono (2014–2019) * Nobuyuki Hirano (2019–2021) * Kanetsugu Mike (since April 2021)


Chief executive

* Nobuo Kuroyanagi (2005–2010) * Katsunori Nagayasu (2010–2013) * Nobuyuki Hirano (2013–2019) * Kanetsugu Mike (2019–2021) *
Hironori Kamezawa Hironori Kamezawa (亀澤 宏規, Kamezawa Hironori; born 18 November 1961) is a Japanese business executive. He serves as the President and Group CEO of Mitsubishi UFJ Financial Group (MUFG), the ninth-largest bank in the world by total assets. ...
(Since April 2021)


See also

*
Bank of Tokyo-Mitsubishi UFJ Money Museum The Bank of Tokyo-Mitsubishi UFJ Money Museum (三菱東京UFJ銀行貨幣資料館) is a numismatic museum located in Nagoya, central Japan. As "Tokai Bank Money Museum", it opened in 1961. After a name change due to bank mergers, the present n ...
*
Loans in Japan In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt ( ...
*
List of banks in Japan This is a list of banks in Japan. Central Bank * Bank of Japan Governmental institutions National institutions Current * Development Bank of Japan (DBJ; ) * Japan Finance Corporation (JFC; ) ** Japan Bank for International Cooperation (J ...
*
List of systemically important banks Certain large banks are tracked and labelled by several authorities as Systemically Important Financial Institutions (SIFIs), depending on the scale and the degree of influence they hold in global and domestic financial markets. Since 2011, the ...


References


External links


Mitsubishi UFJ Financial Group website

Mitsubishi UFJ Financial Group website
{{DEFAULTSORT:Mitsubishi Ufj Financial Group Mitsubishi companies Conglomerate companies of Japan Banks of Japan Conglomerate companies based in Tokyo Financial services companies based in Tokyo Holding companies based in Tokyo Multinational companies headquartered in Japan Chiyoda, Tokyo Japanese companies established in 2005 Banks established in 2005 Holding companies established in 2005 Companies listed on the Tokyo Stock Exchange Companies listed on the New York Stock Exchange Companies in the Nikkei 225 Asset management companies