is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese

financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...

group which is the largest in the world measured by

assets In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can ...

. The bank is headquartered in

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

. The merger of

Mitsubishi Tokyo Financial Group is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks" (along with SMBC and Mizuho). As such, ...

and UFJ Holdings on October 1, 2005 was followed by the merger of their respective trust banking subsidiaries,

The Mitsubishi Trust and Banking Corporation ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the ...

and

UFJ Trust Bank UFJ, which stands for the United Financial of Japan, is used in the former companies of UFJ Bank, UFJ Group, and UFJ Holdings. These related institutions disappeared after the merger of The Bank of Tokyo-Mitsubishi and UFJ Bank in 2005. UFJ Bank ...

, creating Mitsubishi UFJ Trust and Banking Corporation. The bank has over 1.5 trillion USD trust assets and is one of the major institutional investors in global markets.

History

The Mitsubishi Trust and Banking Corporation was a Japanese trust bank and a subsidiary of the

. On October 1, 2005, the company merged with

to form Mitsubishi UFJ Trust and Banking Corporation.

Scholarship

The Mitsubishi UFJ Trust and Banking Corporation Scholarship Foundation was established in 1953. Since then, it has provided over 5000 scholarships to undergraduate and graduate Japanese and foreign students (as of 2011, approximately 90% have been Japanese and 10% have been foreign). Applicants are nominated by their respective universities and generally study the

social sciences Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of so ...

Shareholders

* Mitsubishi UFJ Financial Group (100%)

References

External links

Mitsubishi UFJ Trust and Banking
{{Authority control Mitsubishi UFJ Financial Group Banks established in 2005 Banks of Japan Mitsubishi companies Midori-kai Financial services companies based in Tokyo Trust banks of Japan