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Events

Global Capital Markets Speakers:

tsutomu (tom) tanaka T'77
deputy president, mitsubishi ufj securities

Event Details

Global Strategy of a Japanese Financial Institution: Will it Need to be Modified under the Present Global Economic Crisis?
April 30, 2009
Tuck School of Business

Overview

Following the demise of Japan's "bubble economy" in the 1990's, Mitsubishi focused on its core strength - Asia. At the same time, in the view of Mr. Tanaka, US and European investment banks "danced to the music of the money game," and evolved into hedge funds, leading to their current precarious position and precipitating the global financial crisis.

For Mitsubishi, today's economic environment presents a huge opportunity. To capitalize on this, the firm is taking many initiatives, including an investment in Kim Eng (ASEAN's largest brokerage firm) and a $9 billion investment in Morgan Stanley, and plans more of these types of investments in the future.

Mr. Tanaka discussed how the firm has adapted its global strategy to changing conditions, and has weathered, and prospered in, difficult economic times.