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Asian strategy bearing fruit: BTMU

Bank of Tokyo-Mitsubishi UFJ's priority is trade finance and cash management, says its Asia & Oceania CEO.

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Mr Watanabe thinks the choice of Singapore as BTMU's Asian headquarters was the right move.

JAPAN's biggest lender, Bank of Tokyo-Mitsubishi UFJ (BTMU), is reaping dividends from its overseas strategy and, in particular, the push into Asia. For the first half ended Sept 30, BTMU's net operating profit rose 9 per cent or 64.7 billion yen (S$711 million) to 787 billion yen from a year