Japan's biggest bank MUFG hires 180 London staff in expansion push

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Japan’s Mitsubishi UFJ Financial Group (MUFG) is hiring staff in London in a drive to expand its investment banking operations across Europe, the Middle East and Africa (EMEA) and boost income outside its home market, a senior executive said.

The plan by Japan’s biggest bank is a filip for London, at a time when many banks are considering moving jobs out of the city ahead of Britain’s departure from the European Union.

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