Wealth ManagementJapan megabank brokerages ramp up wealth management business
MUFG, Mizuho and SMBC pursue upmarket clients with personal service
With Japan's number of millionaires likely to grow, major securities companies are boosting offerings tailored to them. (Nikkei photo montage)
HARUKI KITAGAWA, Nikkei staff writer
September 12, 2024 03:00 JST
TOKYO -- The securities arms of Japan's three megabanking groupsĀ are hiring more staff for their wealth management operations, hoping to attract affluent customers with personal service as online competitors peel away general demand with commission-free trading.