Japan’s largest bank is recruiting more new graduates and experienced specialists as it seeks a bigger piece of the country’s growing wealth management market.
Mitsubishi UFJ Financial Group is planning to increase annual hiring to about 40 new graduates for its business catering to the rich from April next year, according to Yutaka Miyashita, head of the lender’s commercial banking and wealth management business group. That compares with around five hires a year recently.
"Simply put, we are rather short of hands,” said Miyashita in an interview. "The market value of our clients’ assets has been expanding in line with global macroeconomic trends. This is a growing market.” The wealth operations employ about 4,000 people.
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