Mitsubishi UFJ to increase staff in Taiwan

Tokyo

MITSUBISHI UFJ Financial Group Inc is seeking to expand its workforce in Taiwan as it pursues business from companies benefiting from increasing trade between the island and China.

"We need to be geographically close to our customers," Tetsuo Tani, deputy head of planning for East Asia at Japan's biggest bank, said in an interview in Tokyo last month. He aims to boost Taiwan headcount by about 10 per cent from 200 now as the bank adds a branch in the second largest city of Kaohsiung.