Mitsubishi UFJ Trust and Banking’s asset management business is a core piece of its global business strategy.

YUKI NAKAMURA, Nikkei staff writer |

TOKYO — Mitsubishi UFJ Trust and Banking has signed a deal to buy Australian asset manager Link Administration Holdings, the Mitsubishi UFJ Financial Group subsidiary said on Monday.

The move is a part of Mitsubishi UFJ Trust’s efforts to expand its asset management and investor service business, which forms a core piece of the group’s global business strategy.

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