Japan's MUFG to make asset management its 'fourth pillar,' CEO says
TOKYO -- Japan's Mitsubishi UFJ Financial Group will seek to grow its asset management subsidiary into a core business, MUFG President and CEO Hironori Kamezawa told Nikkei in a recent interview.
Group company Mitsubishi UFJ Asset Management targets 200 trillion yen ($1.35 trillion) in assets under management by the end of March 2030, double the current figure, through acquisitions and other moves.