Mitsubishi UFJ Financial Group Inc.'s trust banking arm is seeking acquisitions abroad and has ¥1 trillion to spend as it seeks to become one of the 15 biggest asset managers worldwide.
"We're going to make acquisitions on a scale we never have before," Mitsubishi UFJ Trust & Banking Corp. Chief Executive Officer Mikio Ikegaya said in an interview in Tokyo.
The unit aims to boost assets under management to ¥100 trillion by as soon as 2020 from ¥60 trillion now, he said.