Mitsubishi UFJ Morgan Stanley Securities aims to increase retail assets under management by 10 trillion yen ($62 billion).
The joint venture plans to hire several hundred sales staff to support its expansion into Japan’s wealth management sector.
Rising interest rates and the end of deflation are expected to prompt Japanese savers to move funds from cash into higher-yielding investments.
The unit reported 55.9 trillion yen in assets under management as of March 2026.