Mitsubishi UFJ Financial Group Inc. plans to accelerate lending to global funds and other institutional investors in the US, as it moves to overtake Goldman Sachs Group Inc. this year in loans syndicated in the world’s biggest economy.
Japan’s biggest lender is looking to add new exposure to loans for these clients, that are backed by property portfolios, Fumitaka Nakahama, MUFG’s head of global corporate and investment banking, said in an interview. The $8 billion sale of regional lender MUFG Union Bank, which has a sizeable mortgage portfolio, will allow the bank to reallocate to the sector, he said, at a time when borrowing appetite is rising.
