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Japan’s Biggest Lender Seeks Bankers for the Rich in Wealth Push

  • MUFG has 24 staff focused on wealthy in recently created team
  • Wealth management grows in importance in low-rate environment

Mitsubishi UFJ Financial Group Inc. plans to expand a team of bankers serving rich clients as Japan’s largest lender seeks to draw more of its bank customers to higher-value services, according to a senior executive.

The lender may grow a recently created team dedicated to affluent clients to about 50 from 24, Akiko Matsubara, head of MUFG’s wealth management strategy division, said in an interview. The group was set up in April with staff across Tokyo, Osaka and Nagoya.