Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD), a consolidated subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), announced that the decision has been made to apply for a license to establish a new subsidiary in Amsterdam, the Netherlands.
Securities services for EU customers are currently provided through a subsidiary in the United Kingdom (UK). The new subsidiary in Amsterdam will ensure that the Group can continue to provide these services to its EU clients, even if the cross-border passport is lost as a result of Brexit.