Bank of Tokyo-Mitsubishi UFJ (BTMU), the commercial banking division of Japan-based Mitsubishi UFJ Financial Group (MUFG), has commenced operations at Bahrain Financial Harbour (BFH), reported Zawya.com.
Sakata, regional head for the Middle East, BTMU, said: “Our decision to position ourselves at this prestigious location confirms our ambitions to ensure our extensive selection of financial products and services are readily available to businesses, governments across the region. We are certainly looking forward to a long and productive relationship with BFH.”
Eric Fotiadis, chief development & coordination officer, BFH, said: “BTMU has an extensive global network with strong economic connections to the Middle East. Their decision to relocate to BFH not only enriches the financial environment at BFH but it simultaneously emphasizes the high esteem to which the financial centre is held internationally, as a world class environment for international finance. We are confident that BTMU will find our advanced establishment and modern systems to be the ideal launch pad for its operations in Bahrain and the wider Middle East,” reported the newspaper.
