,a unit of Mitsubishi UFJ FinancialGroup Inc., completed its acquisitionof Capital Analytics II.
Followingthe completion of the deal, Capital Analytics II was renamed MUFG Capital AnalyticsLLC, Mitsubishi UFJ Trust said May 6. The company also intends to convert the acquiredentity into a subsidiary.
MitsubishiUFJ Trust agreed to acquire Capital Analytics II from Neuberger Berman Group LLC in February. The move was partof the company's strategy to acquire overseas fund management companies to developthe global fund administration business undertaken by MUFG Investor Services, theglobal asset servicing group of MUFG.
MUFGCapital Analytics' assets under administration are valued at around ¥14 trillion.
As of May 6, US$1 was equivalentto ¥106.70.