MUFG Seeks to Buy Alternative Asset Firms to Match Client Flows
- Japan’s biggest bank sees strong demand for private assets
- May also boost investor services for foreign firms in Japan
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Mitsubishi UFJ Financial Group Inc. is seeking to acquire alternative asset managers as more client money flows into non-traditional investments.
Japan’s biggest bank has seen a big increase in bets on private assets such as real estate and infrastructure as customers try to diversify portfolio risks, said Takayuki Yasuda, head of MUFG’s asset management and investor services business group. “We haven’t been able to meet demand,” he said in an interview.