Merrill Lynch to Transfer Shares in Mitsubishi UFJ Merrill Lynch PB Securities

December 14, 2012



On December 13, 2012, Merrill Lynch Japan Securities Co., The Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities Holdings Co. announced that Merrill Lynch will transfer its shares in Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd. to the remaining two Mitsubishi shareholders.

On December 13, 2012, Merrill Lynch Japan Securities Co., Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mitsubishi UFJ Securities Holdings Co., Ltd. announced that they have agreed to change their shareholding in Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd. (the “Company”).  Pursuant to the agreement, Merrill Lynch Japan Securities Co., Ltd. will transfer all of its shares in the Company to the remaining two shareholders.  The Company will maintain its business partnership with Bank of America Merrill Lynch. There will also be a related change in representative directors of the Company. 

The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mitsubishi UFJ Securities Holdings Co., Ltd. are both subsidiaries of Mitsubishi UFJ Financial Group, Inc., a global financial group providing commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing services.  The Company was initially started as a joint venture operation between Mitsubishi UFJ Financial Group and Merrill Lynch Group. 

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Investment Manager Strategic Investments, Transactions