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Mitsubishi UFJ Seeks to Add Morgan Stanley Staff in Japan
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Mitsubishi UFJ Financial Group Inc. is seeking to add more investment bankers on secondment from its partner Morgan Stanley to help cement its spot as Japan’s top adviser on mergers and acquisitions.
About 100 employees from the Wall Street firm already work at Mitsubishi UFJ Morgan Stanley Securities Co., Takashi Nagaoka, chief executive officer of the joint venture, said in an interview on Aug. 6, without saying how many more he’d like to tap. The firm, which has 450 investment-banking staff, is also considering adding 30 to 50 positions to cope with a recent increase in business, Nagaoka said.