TOKYO -- The Japanese joint venture between Mitsubishi UFJ Financial Group and brokerage Morgan Stanley plans to nearly triple its staff focused on wealthy individuals by 2022, becoming a leading player in one of the country's few growing fields for financial services.
"We will increase the number of employees dedicated to services for high net worth clients to 1,600 in the next two years," Naoyuki Hamada, deputy president at Mitsubishi UFJ Morgan Stanley Securities, told Nikkei.
