The Iconic American Brands Are No Longer American

In a groundbreaking move of 2008, MUFG acquired a 9.9% stake in Morgan Stanley for $3 billion, paying around $25.25 per share. This strategic purchase marked the beginning of a deeper relationship between the Japanese financier and the American firm.

Morgan Stanley and MUFG then established two joint ventures, significantly cementing their partnership. While MUFG held a major share in Morgan Stanley Securities, Morgan Stanley retained control over Morgan Stanley MUFG Securities. This collaboration highlighted Morgan Stanley’s expansion and integration with Japanese markets.