Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
13th December 2011
Mitsubishi UFJ Trust alliance with / stake in AMP Capital
Mitsubishi UFJ Trust and Banking Corporation (MUTB) and AMP Capital Holdings entered into a strategic business and capital alliance. As part of this agreement MUTB will acquire a 15% holding in AMP Capital subject to regulatory approvals.
AMP Capital Holdings is a subsidiary of AMP Limited, the largest financial service provider in Australia. MUTB explain the deal is part of their global strategy and adds to the alliances already formed with Aberdeen Asset Management PLC in the UK and SWS MU Fund Management Co., Ltd. in the Peoples' Republic of China.
The capital and business alliance "will enable MUTB and AMP Capital Holdings to develop new products together, and will provide MUTB's retail and institutional clients with more attractive products where AMP Capital Holdings has a competitive specialisation". MUTB will also distribute the joint products through MUFG's network of Japanese retail and institutional clients such as pension funds.
AMP Capital Holdings has A$120bn (€91bn £78bn $122bn ¥9.5tr Y772bn) AUM.