Mitsubishi UFJ Financial Group plans to expand its securitisation business globally, focusing on North America, with a 25% increase in headcount. Targeting non-traditional assets like aircraft and data centers, the bank aims to improve profitability by launching products such as CLOs. Investment in data centers is rising due to demand for generative artificial intelligence.

MUFG aims to increase securitisation staff to over 100 from 80 and raise return on equity into double digits. The division has strengthened its balance sheet for an offensive approach. Three years ago, MUFG sold Union Bank’s retail division to focus on debt business. Ranked No. 1 in U.S. project finance loans for 15 years, the bank plans to combine project finance and securitisation schemes.

Read more at Yahoo Finance: Japan’s MUFG targets US for securitisation business, plans to boost headcount