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Mitsubishi UFJ Financial names head of Mitsubishi UFJ Morgan Stanley Securities

Japan's Mitsubishi UFJ Financial Group Inc. appointed Saburo Araki as head of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., effective April 1, The Nikkei reported Feb. 2.

Araki currently serves as head of Mitsubishi UFJ Financial's corporate banking business group and as vice president of Bank of Tokyo-Mitsubishi UFJ Ltd., among other roles.

The decision is subject to the approval of the group's governance committee.