MUFG's Trust Bank to Boost Assets Administered Overseas 30%

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  • Japanese lender seeks to expand fee business for stable income
  • New Dubai office will target sovereign wealth fund market

Mitsubishi UFJ Financial Group Inc.’s trust banking arm plans to increase the assets it administers overseas for institutional investors by about 30 percent to $400 billion over the next two years to boost fee income, the unit’s new president said.

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