Mitsubishi UFJ Securities opens office in India

Reuters.com reports that Mitsubishi UFJ Securities, the investment banking and brokerage arm of Japan's Mitsubishi UFJ Financial Group, has set up its Mumbai office in India to offer corporate finance and capital market-related advisory to Indian corporates. Mitsubishi UFJ will focus on areas such as mergers and acquisitions, corporate finance, asset management and fund raising in Japanese capital markets for Indian companies. Lat year, Mitsubishi UFJ Securities had signed a Memorandum of Understanding with ICICI Bank to explore a non-exclusive alliance. Mitsubishi UFJ Securities also offers the PCA India Infrastructure Equity Fund in Japan, which has funds of $516 mn.