MUFG and Morgan Stanley expand 15-year-old brokerage alliance

Partners to integrate forex trading and Japan-stock operations as key players step aside

20230718N MUFG Morgan Stanley

The alliance between Morgan Stanley and Mitsubishi UFJ Financial Group marks its 15th anniversary this fall.

YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Mitsubishi UFJ Financial Group and Morgan Stanley on Tuesday announced a revamp of their nearly 15-year-old partnership, reinforcing the relationship amid a changing of the guard at the top.

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