TOKYO -- Mitsubishi UFJ Financial Group will acquire fund-administration operations in the Americas from Luxembourg-based Maitland, boosting economies of scale in a business that provides a valuable stream of steady income from fees.
Business deals
MUFG to buy fund-administration business in Americas
Deal with Europe's Maitland lifts Japanese megabank to No. 5 in global market
Mitsubishi UFJ Financial Group sees fund administration as a promising business as its earnings are squeezed by ultralow interest rates in Japan. (Photo by Wataru Ito)
Read Next
Latest on Business deals
