Mitsubishi Tokyo Financial Group, Inc. (President and CEO: Nobuo Kuroyanagi) and UFJ Holdings, Inc. (President and CEO: Ryosuke Tamakoshi) merged and began operations as Mitsubishi UFJ Financial Group, Inc. (MUFG).
Their subsidiary companies-The Mitsubishi Trust and Banking Corporation (President: Haruya Uehara) and UFJ Trust Bank Limited (President: Shintaro Yasuda)-also merged to form Mitsubishi UFJ Trust and Banking Corporation, and subsidiary companies Mitsubishi Securities Co., Ltd. (President: Koichi Kane) and UFJ Tsubasa Securities Co., Ltd. (President: Kimisuke Fujimoto) merged to form Mitsubishi UFJ Securities Co., Ltd.
The merger to form MUFG also marks the establishment, on October 1, 2005, of new subsidiaries such as Mitsubishi UFJ Asset Management, UFJ Nicos, Mitsubishi UFJ Capital, Mitsubishi UFJ Factors and Mitsubishi UFJ Real Estate Services, and heralds the creation of a group with a strong presence in each of its business categories. The Bank of Tokyo-Mitsubishi, Ltd. (President: Nobuo Kuroyanagi) and UFJ Bank Limited (President: Takamune Okihara) are also currently making preparations to merge on January 1, 2006 to form The Bank of Tokyo-Mitsubishi UFJ, Ltd.
“Through pursuing a thoroughly customer-focused approach, the new group MUFG aims to provide the highest standard of products and services and to be a premier, comprehensive, global financial group that benefits from strong customer support,” stated a joint press release from the two companies.