MUFG battles private equity and startups to hire U.S. bankers

Hiring for bankers within the U.S. is getting tougher for Japan’s largest lender, in accordance with a prime govt who sees extra competitors to recruit prime expertise from a wider slate of firms.

It’s a problem Mitsubishi UFJ Monetary Group should overcome because it focuses on rising its company banking presence within the U.S., the world’s largest market. That’s an space of power for the Japanese financial institution, and one the place it needs so as to add headcount, stated Fumitaka Nakahama, the agency’s head of worldwide company and funding banking.

“Bankers aren’t essentially quitting to affix different funding banks,” Tokyo-based Nakahama stated in an interview. “They’re additionally becoming a member of startups and PE funds. Locations are altering.”