Business Daily from THE HINDU group of publications
Thursday, Feb 15, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Feb 15, 2007 ePaper |
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Money & Banking
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Investment Banking Mitsubishi UFJ arm opens office Our Bureau
The Mumbai office will act as a communication channel between MUS and Indian companies and will focus on market research in areas such as mergers and acquisitions, corporate finance and asset management business. "With this initiative, we hope to provide enhanced services to our customers in India and Japan and further better the bi-lateral economic relations between these two nations," said Mr Yasumasa Gomi, Chairman & CEO of Mitsubishi UFJ Securities. MUS' past ventures in India-related business include the launch of the PCA India Infrastructure Equity Fund in Japan, having investment advisory from Prudential ICICI Asset Management Company. The fund is offered through MUS' distribution network of 125 retail branches in Japan. "This fund focuses on infrastructure related companies. For our next product, we well directly invest in infrastructure projects, which will be aimed at institutional investors," said Mr Gomi. He also mentioned that the objective was to get into the brokerage business in India but it would take at least two years to get the necessary permission and licences.
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