Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley have announced new initiatives to their previously announced strategic alliance into new geographies and businesses. It has reported that the two firms will together create Morgan Stanley MUFG Loan Partners, a new loan marketing joint venture to generate attractive credit opportunities for both firms and provide clients in the US, Canada and Latin America.
Under the terms of the agreement MUFG and Morgan Stanley will pursue arrangements to leverage their respective relationships with customers in Asia, specifically, ASEAN, India, Australia, Korea, Taiwan and Hong Kong, and in Europe, the Middle East, and Africa through referrals of new business opportunities.
Additionally, the two firms have entered into the Global Commodities Referral Agreement that governs the referral of BTMU clients to the Morgan Stanley Capital Group (MSCG) for commodities business. MUFG and Morgan Stanley have also agreed to the framework of a secondment program, to facilitate the sharing of their practices and expertise between the two companies.
These new initiatives follow the previous announcement of a memorandum of understanding (MOU) to create a separate joint venture to combine both MUFG’s and Morgan Stanley’s securities businesses in Japan.
