News: ICICI Bank, Mitsubishi UFJ sign MoU

(PTI 29/08/2006) Mumbai - ICICI Bank and Mitsubishi UFJ Securities Co have signed a memorandum of understanding (MoU), which will pave the way for intensifying co-operation across various segments such as mergers and acquisitions, corporate finance and asset management business.

Under the terms of the MoU, both firms will explore the possibility of providing reciprocal support for their respective customers in the M&A and corporate finance spaces. Besides, customers expecting potential of business development in the other country would be able to benefit from a range of cross-border financial services offered by co-operation of both companies.

ICICI Bank and Mitsubishi UFJ will also consider co-operation in the sales of financial products thus expanding attractive investment product lines for clients of both the companies.