The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

MUFG Issues Statement Regarding Strategic Alliance with Morgan Stanley

Monday, October 03, 2011

MUFG Issues Statement Regarding Strategic Alliance with Morgan Stanley16:06 EDT Monday, October 03, 2011 TOKYO (Business Wire) -- Mitsubishi UFJ Financial Group, Inc. (“MUFG”) (NYSE:MTU) today issued the following statement regarding its strategic alliance with Morgan Stanley (NYSE: MS): “In response to recent market volatility MUFG wishes to reiterate that we are firmly committed to our long-term strategic alliance with Morgan Stanley. The special relationship we have formed remains core to our global business strategy. We will continue to work to leverage Morgan Stanley's superior franchise strengths in institutional securities and wealth management with our substantial deposit base and global corporate banking business to add value to both franchises over the decades to come.” About MUFG MUFG is one of the world's leading financial groups, with total assets of JPY206 trillion (approximately US$2.6 trillion) as of June 30, 2011. MUFG's services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing. The Group's operating companies include The Bank of Tokyo-Mitsubishi UFJ, Ltd. Japan's largest commercial bank, Mitsubishi UFJ Trust and Banking Corporation, Japan's leading trust bank, and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., one of Japan's largest securities firms. For more information about MUFG, please visit http://www.mufg.jp/english/index.html. Cautionary Statement Concerning Forward-Looking Information This press release contains forward-looking statements regarding the current expectations of MUFG. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors. MUFG does not undertake any obligation to update the forward-looking statements contained herein, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Sard Verbinnen & Co.Jim Barron, 212-687-8080orCitigate Dewe RogersonMichael Berkeley, +44-(0)20-7282-2883