Morgan Stanley CEO seeks closer MUFG ties in asset management

Morgan Stanley CEO seeks closer MUFG ties in asset management Morgan Stanley CEO seeks closer MUFG ties in asset management

NEW YORK/TOKYO — Morgan Stanley will look for ways to work “closer together in the asset management space or in wealth management” with Japanese partner Mitsubishi UFJ Financial Group, CEO Ted Pick told Nikkei.

Pick, who took the reins at Morgan Stanley in Janu, led strategic planning at the Wall Street bank for the “Alliance 2.0” inked with MUFG in 2023, under which the two companies have stepped up cooperation in such areas as equities research.