TOKYO, July 12 (V7N) - Mitsubishi UFJ Financial Group (8306.T), Japan's largest banking group, plans to expand its securitisation business globally, with a key focus on North America. The company intends to increase its workforce in this sector by approximately 25%, according to a senior executive's statement in a recent interview.
 
The move comes as Mitsubishi UFJ aims to strengthen its position in the rapidly evolving securitisation market, which involves turning loans or other financial assets into tradable securities. The Japanese financial giant sees North America as a critical market, given the region's advanced securitisation infrastructure and high demand for financial products.
 
The expansion of Mitsubishi UFJ's securitisation business will involve both a boost in staff numbers and investments in technology and infrastructure, ensuring that the company can meet the growing needs of its clients. As global markets recover from the economic downturn caused by the pandemic, the bank sees this as a key opportunity for growth.
 
"Our focus on North America aligns with our strategy to broaden our global footprint and support the growth of our clients by offering comprehensive financial services," said the senior executive, who requested anonymity.
 
In recent years, Japan's largest financial institutions have been seeking to diversify their offerings and increase global reach, with Mitsubishi UFJ at the forefront of these efforts. The expansion in securitisation will allow the company to tap into a broader client base, from institutional investors to large corporations.
 
Mitsubishi UFJ's decision to ramp up its presence in North America comes at a time when the region is seeing a surge in demand for securitisation services, fueled by both private-sector and government initiatives aimed at enhancing market liquidity and financing solutions.
 
"We are optimistic about the potential of this market and look forward to contributing to the continued development of the securitisation sector globally," the executive added.
 
Mitsubishi UFJ is also exploring new technologies and partnerships to enhance its securitisation capabilities, positioning itself as a leading player in the sector. The group's ongoing expansion plans reflect its commitment to long-term growth and to meeting the financial needs of an increasingly complex global market.
 
The bank's broader goal is to become a key global player in the financial services industry, leveraging its extensive global network and expertise in diverse financial products.
 
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