Mitsubishi UFJ Morgan Stanley Securities targets $62 billion growth in retail wealth assets
Mitsubishi UFJ Morgan Stanley Securities (MUMSS) announced plans to increase retail client assets under management by 10 trillion yen ($62 billion) over the medium to long term. The growth strategy is driven by Japan's shifting economic conditions, including the end of deflation and rising interest rates that are encouraging savers to move from cash into higher-yielding investments. The expansion reflects broader profit gains across Japan's financial sector from wealth management fees.
Japan's Mitsubishi UFJ Morgan Stanley Securities, a joint venture between Mitsubishi UFJ Financial Group and Morgan Stanley, aims to grow its retail wealth assets by 10 trillion yen ($62 billion) in the medium to long term, according to company president Hiroyuki Seki. The firm currently manages 55.9 trillion yen in assets as of March and plans to hire several hundred additional sales staff to support this expansion. The growth strategy includes deepening relationships with corporate clients, broadening its product range, and expanding lending services backed by a wider range of client assets beyond current equity-backed loans. This expansion is positioned within Japan's evolving wealth management market, where the end of deflation and rising interest rates are prompting savers to shift capital from cash holdings into higher-yielding investments, a trend benefiting Japan's broader financial sector through increased fee income.
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Mitsubishi UFJ Morgan Stanley Securities aims to grow retail wealth assets by $62 billion
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