Morgan Stanley CEO seeks closer MUFG ties in asset management

Ted Pick sees tech as avenue for cooperation with Japanese partner

20241224N Morgan Stanley's Peck

Morgan Stanley CEO Ted Pick says the Wall Street bank is "in this for the very long term" with Japanese partner MUFG. (Photo by Daichi Mishima)

DAICHI MISHIMA and YUKI NAKAMURA, Nikkei staff writers

NEW YORK/TOKYO -- Morgan Stanley will look for ways to work "closer together in the asset management space or in wealth management" with Japanese partner Mitsubishi UFJ Financial Group, CEO Ted Pick told Nikkei.

Pick, who took the reins at Morgan Stanley in January, led strategic planning at the Wall Street bank for the "Alliance 2.0" inked with MUFG in 2023, under which the two companies have stepped up cooperation in such areas as equities research.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.