MUFG's headquarters
|
|
Public KK | |
Traded as | : MTU : |
Industry | Banking, Financial services |
Predecessor | Mitsubishi Tokyo Financial Group, Inc. UFJ Holdings, Inc. |
Founded | October 1, 2005 | (by merger)
Headquarters | Chiyoda, Tokyo, Japan |
Area served
|
Worldwide |
Key people
|
Kiyoshi Sono (Chairman) Tatsuo Wakabayashi (Deputy Chairman) Nobuyuki Hirano (President & CEO) |
Services |
Personal Banking Corporate banking Investment banking Investment management Wealth Management Mortgage Credit cards |
Revenue | JPY 4.495 trillion (2013) |
Profit | JPY 1.069 trillion (2013) |
Total assets | US$ 2.459 trillion (2016) |
Total equity | JPY 10.608 trillion (2013) |
Number of employees
|
106,800 (2015) |
Parent | Mitsubishi |
Subsidiaries |
The Bank of Tokyo-Mitsubishi UFJ Mitsubishi UFJ Trust and Banking Corporation Mitsubishi UFJ Securities UnionBanCal Corporation |
Website | www |
Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ Mitsubishi Yūefujei Finansharu Gurūpu?) is a Japanese bank holding / financial services company headquartered in Chiyoda, Tokyo, Japan.
MUFG holds assets of around US$2.9 trillion as of 2016, making it world's third largest bank by total assets and is one of the main companies of the Mitsubishi Group. It is Japan's largest financial group and the world's second largest bank holding company holding around US$1.8 trillion (JPY 148 trillion) in deposits as of March 2011. Mitsubishi UFJ Financial Group is the second largest public company in Japan when measured by market capitalization.
The company was formed on October 1, 2005 with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), formerly Japan's second-largest banking conglomerate, and Osaka-based UFJ Holdings, which was Japan's fourth-largest banking group.
The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on January 1, 2006 to form The Bank of Tokyo-Mitsubishi UFJ, Ltd. This integration was originally scheduled to take place on October 1, 2005, the same day that the parent companies were merged. However, pressure from Japan's Financial Services Agency, 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 October 1, 2005.