Awesome Companies & Great Careers: Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ, Kabushiki gaisha Mitsubishi Yūefujei Finansharu Gurūpu) is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.[4]

MUFG holds assets of around US$2,459 billion as of 2016, making it the world’s fifth largest bank by total assets[1] and is one of the main companies of the Mitsubishi Group.[5] 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.[1] The letters MUFG come from Mitsubishi and United Financial of Japan, the name of an acquired company.

The company was formed on October 1, 2005, with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), and Osaka-based UFJ Holdings.

The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on January 1, 2006, to form MUFG Bank. 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.

On October 31, 2018, MUFG to acquire Australian Asset Manager, Colonial First State Global Asset Management.[6]

Source: https://en.wikipedia.org/wiki/Mitsubishi_UFJ_Financial_Group

Source: https://www.mufg.jp/english/careers/index.html

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