Mitsubishi UFJ to buy UK's AlbaCore Capital to expand in private debt

Mitsubishi UFJ to buy UK's AlbaCore Capital to expand in private debt

FILE PHOTO: The logo of Mitsubishi Heavy Industries is seen at the company's Sagamihara plant in Sagamihara, Japan, July 4, 2016. REUTERS/Maki Shiraki/File Photo

The trust banking arm of Mitsubishi UFJ Financial Group will buy UK-based investment firm AlbaCore Capital LLP as Japan’s largest banking group aims to expand private debt products in its asset management business.