MUFG Bank launches globally
Bank of Tokyo-Mitsubishi UFJ, the parent bank of MUFG Bank (Europe) rebranded worldwide as MUFG Bank.
3 April 2018 – As part of a global initiative to bring together its banking operations under one brand, MUFG announces that its core banking subsidiary has been renamed MUFG Bank, Ltd. This is part of a global shift by Japan’s largest financial group to leverage its strength and expertise, providing seamless financial solutions to clients around the world.
The name change of our parent bank will strengthen the bank’s identity as part of the wider MUFG group. MUFG Bank currently serves more than half a million corporate clients around the world. In addition to traditional corporate banking, MUFG offers its clients a full range of services including capital markets, credit, rates, equities, structured products, trade finance, structured finance and trust banking.
MUFG Bank’s President and CEO, Kanetsugu Mike, said: “Although the bank’s name has changed, it’s important to understand that our dedication to serving clients and our unyielding focus on lasting relationships will continue even as we seek to expand our client base worldwide. Our goal is to build on MUFG Bank’s proud heritage as a trusted global bank while seamlessly providing innovative solutions to customers in a rapidly changing financial landscape.”
Masahiro Kuwahara, CEO of MUFG Bank in EMEA, added: “MUFG has been carefully building its presence across EMEA over many years. We know our clients increasingly need global solutions to their complex needs, and meeting this requirement will always be our priority. This announcement reflects both our desire to seamlessly deliver these solutions, and our long-term commitment to the region. As one MUFG globally, we look forward to supporting many more clients with the achievement of their strategic aims, whether they are looking to raise, move or hedge money.”
The bank’s relevant legal entity names will be renamed in each country across EMEA on the following dates:
1st April 2018
- UK, France, Italy, South Africa, Kazakhstan, Iran
- Germany, Spain and Portugal will be transferred to MUFG Bank (Europe)
2nd April 2018
- Turkey
14th May 2018
- Egypt
16th July 2018
- Abu Dhabi, Bahrain, Doha, Dubai
MUFG Bank’s Russian subsidiary will also transfer to the new brand in April, with the date subject to regulatory approvals.
ENDS
Contact:
MUFG
Laura Brooks
Public Relations Manager, EMEA
T: +44 (0)207 577 5596
E: laura.brooks@uk.mufg.jp
Headland
Del Jones
T: +44 (0)20 3805 4860
E:djones@headlandconsultancy.com
Notes:
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with over 2,300 offices in more than 50 countries. The Group has over 150,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The Group aims to be the world’s most trusted financial group through close collaboration among its operating companies, and to respond to all of the financial needs of its clients, serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.