Morgan Stanley left Goldman Sachs behind as being the bank that had the largest net profit in Japan. Morgan Stanley left Goldman Sachs behind as being the most profitable foreign securities company in Japan in the last fiscal year. Morgan Stanley has boosted structured product sales and managed two major public offerings last year. And, these were affective on having the most profit in Japan.
Morgan Stanley MUFG Securities Co.’s net profit increased 32 percent in the fiscal year ending March 31 and reached 29 billion yen ($ 263 million). Morgan Stanley has the highest net profit among the 10 largest global banks in Japan which have submitted annual financial statements.
The CEO of the company, Jonathan Kindred made an announcement via an e-mail about the recent reported data of the net profit of the company in Japan. Jonathan Kindred stated that they were committed to growing our business in Japan where reforms within the country offer exciting potential. We will see how the other banks will behave after Morgan Stanley’s high net profit.