MUFG scouting to acquire overseas asset managers

MUFG scouting to acquire overseas asset managers

New signage for MUFG Bank Ltd., the main banking unit of Mitsubishi UFJ Financial Group Inc., is displayed in front of the bank's headquarters in Tokyo, Japan, on Sunday, April 1, 2018. Photographer: Akio Kon/Bloomberg

Mitsubishi UFJ Financial Group Inc. is seeking fresh opportunities to buy asset managers following last year’s $2.9 billion Australia deal, as Japan’s biggest bank tries to make up for grim prospects at its domestic lending business.

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