Japanese bank MUFG confirms move to Amsterdam after Brexit

Home  >>  SAFFA  >>  Japanese bank MUFG confirms move to Amsterdam after Brexit

Japanese bank MUFG confirms move to Amsterdam after Brexit

   SAFFA   September 13, 2017  No Comments

Large Japanese bank Mitsubishi UFJ Financial Group (MUFG) filed a license application to set up a new subsidiary in Amsterdam, so that the financial group can continue to serve customers in the European Union after the Brexit, the bank said in a statement.

“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,” the bank noted. Currently, the EU customers are served by a subsidiary based in the United Kingdom.

Leave a Reply

Your email address will not be published. Required fields are marked *