Mitsubishi UFJ Financial Group (MUFG) is merging its European operations, creating a universal banking platform.
MUFG Securities (Europe) will become part of MUFG Bank (Europe), and be headquartered in Amsterdam. It will provide corporate and investment banking alongside global markets services.
In its latest full year report, ending 31 March 2024, MUFG Bank (Europe) reported €391 million in total operating income – down 6% year-on-year (YoY).
Trading income at MUFG Securities (Europe) was €23.6 million over the same time, down almost 4% YoY. Richard Smithyes is managing director and head of sales and trading for the EMEA region, based in London. Adam Jesney, currently chief financial officer at the company, has been appointed CEO effective February.
The merger is expected to be completed during the 2026/27 fiscal year.
