Morgan Stanley Wants More From MUFG Ties to Be Top in Japan

Morgan Stanley plans to step up ties with Mitsubishi UFJ Financial Group Inc. to get more market share across all of its businesses in Japan, the US bank’s local chief said.

“We believe that is the only way we are going to become the top securities house in Japan,” Alberto Tamura said in an interview. “MUFG is the largest financial institution here in Japan. Morgan Stanley has a great global platform. If you combine those two, I believe that we have plenty of opportunities.”