The Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley are among global systemically important financial institutions (G-SIFIs). The greatest feature and strength of Mitsubishi UFJ Morgan Stanley Securities is our ability to freely use the abundant expertise and the networks, which rank among the largest in the world, of both companies. We provide solutions that offer a multi-faceted perspective together with outstanding quality to respond to the diverse financial needs of both retail and corporate clients.

Flexibly Leveraging the Comprehensive Capabilities Unique to the MUFG Group

As the core general securities company in MUFG, we cooperate with other Group companies including MUFG Bank and Mitsubishi UFJ Trust and Banking. Flexibly leveraging the comprehensive capabilities of the Group that encompass a broad range of diverse financial products and services, we provide one-stop handling for various financial needs including matters such as asset succession as well as asset management.

Domestic network
Domestic network
Overseas network
Overseas network

Number of branches includes total branches of Mitsubishi UFJ Securities Holdings, Bank of Tokyo-Mitsubishi UFJ, Ltd.(currently MUFG Bank, Ltd.), and Mitsubishi UFJ Trust and Banking (as of March 31, 2019).

Making Morgan Stanley’s Global Reach an Even Greater Force for Clients

Since its inception in May 2010 as a joint venture of MUFG and Morgan Stanley, Mitsubishi UFJ Morgan Stanley Securities has steadily built up results in investment banking operations by making full use of its advanced proposal capabilities leveraging the global reach and outstanding products and services possessed by Morgan Stanley. Taking maximum advantage of Morgan Stanley’s network extending to over 41 countries worldwide, we offer strategic, high-quality advice and propose funding procurement methods to support clients all the way to achievement of their long-term business goals. Collaboration and cooperation between Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities, as joint ventures of MUFG and Morgan Stanley, are not limited to the business front, but also include corporate social responsibility activities. This has allowed for the deepening of mutual understanding, and the two companies have become more solidly united.

Morgan Stanley's Global Network
Morgan Stanley's Global Network

Power of Collaboration between MUFG and Morgan Stanley

The joint venture entities, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities both established in May 2010, leverage the combined capabilities of Morgan Stanley’s global reach and financial expertise and MUFG’s unparalleled client footprint, collaborating closely and offering unprecedented financial services to clients. By doing so, the joint venture aims to become the top securities firm in Japan.

Since the launch of the joint venture, both entities have been collaborating closely in many aspects. The integrated investment banking team and respective capital markets teams have jointly scored solid wins on a number of notable transactions in the areas of M&A advisory and equity and debt offerings. Over the years, the collaboration has also extended to the area of wealth management.

In July 2023, Morgan Stanley and MUFG announced the launch of "Alliance 2.0", an enhanced Global Strategic Alliance for further collaboration between the two institutions. Through this initiative, the joint venture entities have integrated the Japanese research and equity businesses for institutional clients into Morgan Stanley MUFG Securities, enabling the joint venture to better serve clients with a more extensive range of financial services and products.

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- Joint Venture Structure -

While the investment banking operations are integrated into Mitsubishi UFJ Morgan Stanley Securities, we believe the two-company structure is the most effective business model to optimize the joint venture entities’ ability to leverage their respective capabilities and provide our clients with the best possible service.

Mitsubishi UFJ Morgan Stanley Securities offers services to its retail customers that includes a wide range of unique product lineups leveraging Morgan Stanley’s global market expertise, in addition to conventional products and services they offered prior to the formation of the joint venture.

To corporate clients, the joint venture provides sophisticated services and solutions in M&A advisory, equity and debt underwriting and other products that can be realized through the collaboration between Morgan Stanley and MUFG, leveraging each of their extensive network and know-how.

Both Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities offer products and services through each of their sales and trading functions to corporate clients including institutional investors by leveraging their respective strengths and unique value propositions. With the launch of "Alliance 2.0", the two companies will be collaborating in the Japanese research and equity businesses for institutional clients to meet the increasingly sophisticated and diversifying needs of clients.

Two-Company Structure

MUFG holds a 60 percent interest in Mitsubishi UFJ Morgan Stanley Securities, while Morgan Stanley holds a 40 percent interest, making Mitsubishi UFJ Morgan Stanley Securities a consolidated entity of MUFG.

Morgan Stanley has a 51 percent voting interest (and 40 percent economic interest) in Morgan Stanley MUFG Securities, while MUFG has 49 percent voting interest (and 60 percent economic interest), making Morgan Stanley MUFG Securities a consolidated Morgan Stanley entity.

Through the cross-shareholdings and by sending officials as each entity’s management members, the joint venture entities are strongly bound together.

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Awards

Mitsubishi UFJ Morgan Stanley Securities combines its expertise and skills to provide the best solutions to our clients. We have gained a high reputation and level of satisfaction from various clients.

  • Mitsubishi UFJ Morgan Stanley Securities Long-term Rating (Japan Credit Rating Agency, Ltd.)AA
  • 「EUROMONEY Private Bank of Japan 1st place
  • Best Private Bank in Japan*3 in The Asset Private Capital Awards 1st place
  • M&A Advisory 1st place
  • Bonds (domestic and foreign bonds) overall share 1st place
  • Total amount of Japanese government bond sales(First half of FY2021) 1st place
  • Domestic institutional investors' share of trading in yen-denominated bonds No.1
  • J-MONEY 2021 Best research house rankings for stocks and sectors 1st place
  • Bonds and foreign exchange analysts Economist ranking by firm 4st place
  • Stock analysts ranking by company 5th place
  • Overall share of domestic and foreign equities 5th place
  • The Good Market Makers Award
  • Best Investment Bank in Japan Various Awards
  • 3rd ESG Finance Awards Japan, Financial Services(Securities) Category Minister of the Environment Award (Silver Prize) 3rd ESG Finance Awards Japan, Financial Services(Securities) Category Minister of the Environment Award (Silver Prize)

*1 As of August 1, 2022 *2 Source: EUROMONEY Private Banking & Wealth Management Survey 2022, Note: Mitsubishi UFJ Morgan Stanley Securities was ranked No. 1 for 10 consecutive years from 2013 to 2020 as the former Mitsubishi UFJ Morgan Stanley PB Securities and from 2021 onwards as Mitsubishi UFJ Morgan Stanley Securities. *3 Source: The Asset Private Capital Awards 2021. The Asset is a Hong Kong-based financial media outlet covering the Asia-Pacific region. Note: Mitsubishi UFJ Morgan Stanley Securities won first place for seven consecutive years from 2015 to 2020 as the former Mitsubishi UFJ Morgan Stanley PB Securities and in 2021 as Mitsubishi UFJ Morgan Stanley Securities. *4 Source: Compiled by Mitsubishi UFJ Morgan Stanley Securities based on REFINITIV. Publicly announced deals involving Japanese companies (including real estate acquisitions). Mitsubishi UFJ Morgan Stanley Securities includes deals for which Morgan Stanley acted as advisor (April 2021-March 2022). *5 Source: Domestic bonds are created by Mitsubishi UFJ Morgan Stanley Securities based on REFINITIV and DealWatchDB provided by REFINITIV. Compiled from league tables of lead managers of domestic bonds, including straight bonds, FILP agency bonds, etc. (including highway bonds), and municipal bonds. Foreign bonds are based on data from corporate disclosure information, Dealogic, Bloomberg, IFR, and Informa (April 2021-March 2022). *6 Source: Ministry of Finance *7 Source: Domestic Fixed-Income Investors-2021Greenwich Associates *8 Source: J-MONEY April 2022 Edition *9 Source: Nikkei Veritas, March 6, 2022 Note: Ranking as Mitsubishi UFJ Financial Group (including securities, banks, research institutes, etc. of the group). *10 Source: Nikkei Veritas, February 27, 2022 *11 Source: Prepared by Mitsubishi UFJ Morgan Stanley Securities based on REFINITIV. Mitsubishi UFJ Morgan Stanley Securities includes the portion underwritten by Morgan Stanley MUFG Securities for equity underwriting by Japanese companies in the domestic market and the portion underwritten by Morgan Stanley for equity underwriting by Japanese companies in the overseas market (April 2021 - March 2022). *12 Source: Tokyo Stock Exchange/The Good Market Makers, Founding Member Award (March 2022) *13 Source: Euromoney: Awards for Excellence 2021/Best Investment Bank in Japan, Asiamoney: Best Bank Awards 2021:Japan/Best Corporate and Investment Bank, Best International Bank, Mergermarket: Japan M&A Awards 2021/M&A Financial Adviser of the Year, Financial Services M&A Financial Adviser of the Year, Technology, Media & Telecom M&A Financial Adviser of the Year, Note: Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities were awarded as a securities joint venture (JV) between MUFG and Morgan Stanley in Japan. *14 Source: Silver Prize in the Financial Services (Securities) category at the 3rd ESG Finance Awards Japan (Minister of the Environment Award) (announced on February 28, 2022)