Mitsubishi UFJ Trust & Banking Corp

The Mitsubishi UFJ Trust & Banking Corp can trace its history back to 1927 when the company was established as the trust management division of Mitsubishi Group. During its early years, it would have accelerated growth as it filled the niche left by the Showa Financial Crisis of 1927. The company would then begin offering banking services in 1948, become listed on the Tokyo Stock Exchange in 1949, and become renamed to The Mitsubishi Trust and Banking Corporation, officially marking its transition into a trust bank. In the post war period, the company offered loan trusts, “long-term savings instrument offered a relatively high-interest return and stability for retail customers,” supporting Japan’s high economic recovery and growth and allowing the company to expand its offerings to include public trusts and corporate pensions by the late 1960s. With such growth, the company would next focus on international expansion, creating two consolidated group companies to operate subsidiaries under in 1986: the Mitsubishi Trust International Limited and Mitsubishi Trust & Banking Corporation (USA). In the 1990s, the company further expanded its line of products and services in order to keep up with growing needs, offering asset management, administration, consulting, estate planning, and a variety of other services for its clients. The company would then have a round of structural reforms in 2001 with a series of mergers: Mitsubishi Trust and Banking Corporation joined Mitsubishi Tokyo Financial Group, Inc., (MTFG) and merged with The Nippon Trust and Banking Co., Ltd., and The Tokyo Trust Bank, Ltd. In 2005, the merger of The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Limited would create the current Mitsubishi UFJ Trust and Banking Corporation. The company is one of MUFG’s most important subsidiaries. The company currently holds over 31 trillion yen, making it one of Japan’s largest trust banks that also has a global network of branches and subsidiaries throughout Asia, Europe, and the United States.