Corporate Principles

The Trust Bank's Corporate Vision conforms to MUFG policies. Please see MUFG's website for details.

Corporate Vision

Mitsubishi UFJ Trust and Banking has set forth the ideal that it strives to be a trust bank that can create a safe and enriching society and a future alongside the customers through trust (faith and entrustment).

The trust bank creates a safe and enriching society
~a team of professionals that can solve challenges faced by society and customers

The Trust Bank's Ethical Framework and Code of Conduct conform to MUFG policies. Please see MUFG's website for details.

Group's Principles of Ethics and Conduct

A person who is entrusted with assets and/or authority and who provides professional services for the benefit of another party, is called a 'fiduciary'.

Mitsubishi UFJ Trust and Banking Corporation is an organization acting as a fiduciary that provides in an integrated manner customers with not only banking services but also a wide variety of products and professional services including asset management and administration, real estate services, stock transfer agency and inheritance-related services.

As well as fulfilling its legal obligations which are in the form of the duties of loyalty and care, a fiduciary must act for its entrustors at all times in line with rigorous standards backed by strong expertise and ethical values.

We, as a fiduciary, have developed the following set of principles, and we are committed to make continued efforts to reach higher levels for each of these principles.

(1)Morality and Trustworthiness
Based on the highest standards of morality and trustworthiness, we will make efforts to improve ourselves in a continuous manner.

(2)Strong Expertise
To provide the optimal solutions for our customers with prudence and proficiency, we pursue strong expertise that a trust bank needs to provide services across multiple areas.

(3)Loyalty to Customers
We act in the best interests of our customers at all times, with a state of mind and in a manner of behavior in which we identify with our customers' interests.

The Trust Bank Corporate Governance Policies (these "Policies") set out the policy and framework of the corporate governance of Mitsubishi UFJ Trust and Banking Corporation ("the Trust Bank") as a core subsidiary of Mitsubishi UFJ Financial Group, Inc. ("MUFG") and serve as a guide for the actions of directors and management*.

(* "Management" means those responsible for management of our group; the executive officers of the Trust Bank and the directors and executive officers of our group companies.)

These Policies will be revised as necessary, taking into account changes in the MUFG Corporate Governance Policies, the Trust Bank's business and the business environment.

As a core subsidiary of MUFG, the Trust Bank will aim for sustainable growth and increase of corporate value over the medium- to long-term, in consideration of the perspectives of its stakeholders including MUFG as a shareholder and MUFG's shareholders (together, "MUFG and its shareholders") as well as customers, employees and local communities.

The Trust Bank will aim to realize effective corporate governance through fair and highly transparent management based on the guidance provided by these Policies.

As a core subsidiary of MUFG, the Trust Bank will aim to increase the corporate value of our group as a whole through management of subsidiaries to ensure the sound and appropriate management of our entire group.

The Trust Bank has chosen the governance structure of a company with Audit and Supervisory Committee (a company prescribed in Article 2, item (xi-2) of Japan's Companies Act) from the following perspectives.

• To enhance flexibility of management by delegating a large portion of material business decisions from the Board of Directors to President and CEO, while also creating an effective management supervisory framework through the participation of directors who are Audit and Supervisory Committee members ("Audit and Supervisory Committee members") in resolutions of the Board of Directors.
• To build an efficient and highly effective corporate governance structure through coordination between the Board of Directors and the Audit and Supervisory Committee.
• To realize a corporate governance structure with even greater accountability to domestic and overseas stakeholders.
• To introduce an executive officer system from the perspective of strengthening management functions and clarifying responsibilities.

The Board of Directors decides key management policies and is responsible for management supervision. Decisions on matters of business execution other than specific matters stipulated by laws and regulations shall in principle be delegated to President and CEO; provided, however, that decisions on particularly important matters of business execution shall be made by the Board of Directors.

The matters performed by the Board of Directors are as follows.

• Decisions on key management policies such as business strategy, risk management policy, capital policy and resource allocation for our entire group.
• Supervision of the execution of duties by directors and management.
• Decisions on our group's internal control systems, and supervision of the establishment and operation of such systems.
• Supervision of matters such as the development of the corporate governance structure and the establishment of a sound corporate culture.

Directors, as elected by the shareholders and entrusted as managers, owe a duty of loyalty and a duty of care in respect of the execution of their duties, and shall contribute to the Trust Bank's sustainable growth and increase of corporate value over the medium- to long-term.

Directors shall make timely and appropriate decisions on investment and other business matters based on the reasonable collection of information.

Directors shall thoroughly review reports and proposals from management and request explanations or express opinions as necessary for discussion.

Executive directors shall make business decisions delegated to them by the Board of Directors.

Executive directors shall periodically report to the Board of Directors regarding the status of the performance of their duties at least once every three(3) months.

In addition to the above duties of all directors, independent outside directors are expected to supervise the performance of duties by executive directors and management from an independent and objective standpoint, supervise conflicts of interest between the Trust Bank and directors and management or controlling shareholders, and advise and provide support to executive directors and management based on their own experience and professional knowledge.

The Board of Directors shall be composed of 30 directors or less in order to ensure its effectiveness.

The Board of Directors as a whole shall have an appropriately balanced composition that provides a deep understanding of our group's business and a wealth of knowledge and expertise on finance, financial accounting, risk management and compliance and so forth.

Accordingly, the Board of Directors shall meet the following requirements in particular.

• The Board of Directors shall consist of internal directors who are familiar with the business of our group and several independent outside directors who supervise executive directors and management from an independent and objective standpoint.
• To ensure the effectiveness of management supervision from an independent and objective standpoint by the Board of Directors, the Board of Directors shall have an appropriately balanced composition consisting of executive and non-executive directors.

For election of directors, the Board of Directors shall set forth Director election standards focused on the following and nominate persons who meet such standards as director candidates.

Candidates for directors who are not Audit and Supervisory Committee members shall be nominated based on the opinions of the Audit and Supervisory Committee.

Proposals for the election of directors who are Audit and Supervisory Committee members must be approved by the Audit and Supervisory Committee in advance of submission to the General Meeting of Shareholders.

Outline of Director Election Standards

• Directors, as elected by the shareholders and entrusted as managers, shall have the qualities required to be able to appropriately fulfill their duty of loyalty and duty of care in the execution of their duties and to contribute to the sustainable growth and the increase of corporate value of the Trust Bank over the medium- to long-term.
• Independent outside directors shall have a wealth of knowledge and experience in the fields of corporate management, finance, financial accounting and law and the qualities required for supervision of the performance of duties by executive directors and management from an independent and objective standpoint, meeting the independence standards of the Trust Bank.
• Executive directors shall have extensive knowledge of our group's business and the ability to appropriately perform management of our group.

The Board of Directors shall decide the details of the proposals for compensation of directors who are Audit and Supervisory Committee members and directors who are not Audit and Supervisory Committee members for the General Meeting of Shareholders.

The Board of Directors shall decide policies regarding decisions on the details of compensation based on the opinions of the Audit and Supervisory Committee with the aim of contributing to improved business performance over the medium- and long-term as well as the short-term, to enable sustainable growth and the increase of corporate value over the medium- to long-term.

The Board of Directors shall decide the establishment of and changes to the compensation system based on the discussions and proposals of the Compensation Committee of MUFG and the opinions of the Audit and Supervisory Committee.

The Board of Directors shall decide details of individual compensation for each of the directors who are not Audit and Supervisory Committee members based on the opinions of the Audit and Supervisory Committee. Individual compensation of each of the directors who are Audit and Supervisory Committee members shall be decided through discussion among Audit and Supervisory Committee members. Compensation of directors shall be decided at the level appropriate for the Trust Bank in light of social and economic situations.

The term of office of directors who are not Audit and Supervisory Committee members shall be one (1) year, and the term of office of directors who are Audit and Supervisory Committee members shall be two (2) years.

A director may concurrently serve as a director, corporate auditor, corporate executive officer or executive officer at a company other than our group company only to the extent such director is able to have enough time required to appropriately fulfill the duties as a director of the Bank, such as understanding the business and other aspects of our group, and the director shall report periodically to the Board of Directors on the status of such concurrent posts.

Unless otherwise provided for by law or regulation, resolutions of a meeting of the Board of Directors shall be adopted by an affirmative vote of a majority of the directors present who constitute in number a majority of all the directors of the Company.

Chairman of the Trust Bank shall serve as Chairman of its Board of Directors.

Chairman of the Board of Directors shall lead the Board of Directors and shall be obligated to ensure the board's effectiveness.

Chairman of the Board of Directors shall set the schedule and agenda for board meetings after exchanging opinions with each director on a day to day basis, so that the Board of Directors is able to make sound decisions based on sufficient information.

A Board of Directors Secretariat shall be established to assist Chairman of the Board of Directors and to correspond and coordinate with management and employees of the Trust Bank so that sufficient information is provided to directors, including independent outside directors.

Management is obligated to provide sufficient information to directors that relates to the execution of duties of directors.

In principle, management shall distribute the Board of Directors' meeting agenda and deliberation materials prior to meetings of the Board of Directors to ensure that directors have the opportunity to understand the content in advance.

Management shall conduct training, explanatory seminars and the like, including training about the business activities and management environment of the Trust Bank, particularly for independent outside directors, on an ongoing basis, including at the time of appointment, in order to provide necessary information in addition to the Board of Directors' meeting agenda.

In order to maintain and improve the effectiveness of the Board of Directors, evaluation of the Board shall be conducted periodically.

Independent outside directors may, as necessary, convene meetings comprising only independent outside directors in order to perform their function from an independent standpoint.

Directors may obtain advice from outside professionals at the Trust Bank's expense if it is necessary for the performance of their duties as a director.

The Audit and Supervisory Committee shall decide the content of proposals pertaining to the election, removal and non-reappointment of the accounting auditor to be submitted to a General Meeting of Shareholders, as well as auditing the performance of duties of directors and preparing auditing reports. The Audit and Supervisory Committee has the power to consent to decisions on compensation for accounting auditors.

The Audit and Supervisory Committee may determine its opinions on the election, removal or compensation of directors who are not Audit and Supervisory Committee members, and Audit and Supervisory Committee members appointed by the Audit and Supervisory Committee may state these opinions at the General Meeting of Shareholders.

The Audit and Supervisory Committee shall properly exercise its authority to perform investigations, including fieldwork, into the business and finance of the Trust Bank and its subsidiaries, in order to effectively fulfill its role and duties.

The Audit and Supervisory Committee shall be composed of ten (10) or fewer members.

A majority of Audit and Supervisory Committee members shall be independent outside directors.

The Chairman of the Audit and Supervisory Committee shall be appointed from among Audit and Supervisory Committee members.

In order to ensure the effectiveness of audit, full-time member(s) of the Audit and Supervisory Committee shall be appointed.

Resolutions of the Audit and Supervisory Committee shall be adopted by an affirmative vote of a majority of the Audit and Supervisory Committee members present who constitute in number a majority of the Audit and Supervisory Committee members entitled to vote.

An Audit and Supervisory Committee Secretariat shall be established in order to assist the Audit and Supervisory Committee with its duties.

The Audit and Supervisory Committee may give specific instructions to the Internal Auditing Division as necessary for the effective performance of audit.

The Audit and Supervisory Committee and the Internal Auditing Division shall share information as appropriate to ensure a system of mutual cooperation.

Decisions on the key personnel matters of the Internal Auditing Division must be approved by the Audit and Supervisory Committee.

The Trust Bank will take the following actions to secure rights of MUFG and its shareholders and ensure that they are exercised effectively.

• The Trust Bank will take appropriate actions to ensure the effective exercise of voting rights by MUFG and its shareholders at General Meetings of Shareholders.
• The Trust Bank will provide information appropriately to contribute to appropriate decisions on the exercise of voting rights by MUFG and its shareholders.
• The Trust Bank will provide adequate explanation to shareholders about capital policy and the like that would have a significant effect on shareholder interests.
• In addition to establishing its policy based on MUFG's policy with respect to cross-shareholdings of listed shares, the Trust Bank will examine the medium- to long-term economic rationale and future outlook of major cross-shareholdings, taking into consideration the associated risks and returns, and provide appropriate explanations to MUFG about the purposes and so forth of such shareholdings. The Trust Bank shall also formulate its standards based on MUFG's standards with respect to the exercise of voting rights.

The Trust Bank's sustainable growth and increase of corporate value over the medium- to long-term are realized through the contributions of stakeholders such as customers, employees and local communities. In performing its management activities, the Trust Bank will strive to build appropriate collaborative relationships with each of its stakeholders.

The Trust Bank will adopt a Corporate Vision shared among the entire MUFG group in order to indicate its basic stance towards the performance of its management activities and to make such stance the policy for all of its activities, and will also adopt MUFG's Principles of Ethics and Conduct as a basis for the judgments and actions of all officers and employees. The Trust Bank will also establish "Mitsubishi UFJ Trust Bank's Fiduciary Duty" to provide high standards for ethical consciousness and conducts that the Trust Bank shall comply as a trust bank (fiduciary).

The Trust Bank will establish an appropriate framework for whistleblowing by employees and so forth, and monitor its enforcement.

The Trust Bank will establish appropriate procedures for and monitor transactions with related parties such as directors, so that such transactions do not harm the interests of the Trust Bank or the common interests of MUFG and its shareholders.

With an aim to ensure that stakeholders evaluate the Trust Bank based on a proper understanding, the Trust Bank will ensure transparency in information disclosure through appropriate disclosure of its financial information (such as information on its financial condition and operating results) and information regarding business strategy and risk management.

From the perspective of ensuring the fairness and soundness of the securities market, the Trust Bank recognizes the importance of managing the security of undisclosed material information that would influence investment decisions and will practice strict information security.

The Trust Bank recognizes the responsibility that external accounting auditors owe towards shareholders and investors, and will take appropriate actions to secure the proper performance of audit.

These Policies will take effect from September 29, 2015.

Revisions:

Full Revision: June 28, 2016

The Trust Bank's corporate governance, compliance, risk management and internal controls conform to MUFG policies. Please see MUFG's website for details.

MUFG Corporate Governance

MUFG Compliance

MUFG Risk Management

MUFG Internal Audit

The Mitsubishi UFJ Financial Group (MUFG) has formulated and announced its MUFG Basic Policy for Fiduciary Duties as a common guideline for the Group to ensure customer-oriented initiatives. The Trust Bank is carrying out the following initiatives based on this policy, in addition to adopting the Principles for Customer-Oriented Business Conduct established by the Financial Services Agency (FSA) .

• Based on the notion that consistently striving to delve into the Company's Fiduciary Duties makes it the Create a Better Tomorrow, or the bank of customers' choice, the Trust Bank has established the Mitsubishi UFJ Trust and Banking Fiduciary Duty as part of the company rules and as the mindset and behavior required of the Trust Bank executives and employees who are addressing this challenge altogether.

• The Trust Bank seeks, through training and other measures, to ensure that its executives and employees will make decisions and act based on the Code of Conduct, the Mitsubishi UFJ Trust and Banking Fiduciary Duty, and the MUFG Basic Policy for Fiduciary Duties. Furthermore, in order to serve the best interest of the customers, the Trust Bank will strive to improve customer satisfaction by implementing various initiatives based on customer feedback obtained through questionnaires and other means.
• As trust banks provide, in addition to banking services, a wide variety of products and services, including asset management and administration, real estate, securities agency, and succession-related services in an integrated manner, under the premise that there may be conflicts of interest in any such transactions, the Trust Bank conducts thorough conflict of interest control with an information barrier (Chinese wall) system and other measures. While maintaining and securing benefits for customers using a trust bank, the Trust Bank will continue to further enhance conflict of interest management in order to prevent customer interests from being unduly harmed.

(1)Developing and providing products that match customer needs

[Product development and investment]

• The Trust Bank will promptly develop products that match customer investment needs and market trends while developing products with an eye on areas the Company does not cover.
• The divisions responsible for the development and investment of in-house products and the divisions responsible for the development and investment of products of external partners will strengthen their respective expertise to enhance the product lineup and improve quality.
• By enhancing the overseas investment product lineup through partnerships with overseas investment management institutions, the Trust Bank will accommodate its customers' diversifying needs for global investments.

(1)Providing customer-oriented information and consultation

[Sales]

• When proposing products, the Trust Bank selects those based on the customer's knowledge, experience, financial circumstances, and objectives. For example, the Trust Bank would propose products with reduced risks, especially to elderly customers or customers with limited knowledge or experience in investing. The Trust Bank will propose products in line with customer needs taking into account their stage in life or attribution.
• In the case of events, such as a significant market fluctuation, the Trust Bank will provide timely and courteous follow-up services, for example offering its market outlook or information on the status of investments and other information necessary for the customers to make investment decisions. The Trust Bank is making other efforts as well, such as holding seminars for customers on a regular basis.

(2)Providing detailed information tailored to customers' level of understanding

[Sales]

• When proposing products, the Trust Bank will explain the characteristics, risks, and fees, as well as market trends using expressions that are easier to understand, and will duly provide necessary information through efforts, such as highlighting important information with the size and color of its text so that they are particularly noted. Moreover, the Trust Bank will utilize tablets and other devices to provide customers with easy-to-understand information using simulations, tables, and figures in an effort to explain the profit (return), loss, and other risks, as well as the terms and conditions of the transaction.
• When proposing products, the Trust Bank strives to come up with even better proposals through dialogs with customers, for example by using tablets to present asset management simulations.
• The Trust Bank ranks products based on their risk characteristics and then solicits and sells products that are appropriate for the customer's risk tolerance. Moreover, the Trust Bank will continuously seek to improve account executives' sales skills, while setting restrictions according to those skills, to establish a system for adequately providing information.

(3)Improving the transparency of fees so as to contribute to customers' investment decisions

[Sales]

• In order to contribute to customers' investment decisions, the Trust Bank will enhance the transparency of fees for each product and strive to provide courteous explanations. As for fees on insurance sales, the Trust Bank has, since October 2016, been providing new disclosures starting with specified insurance contracts.

(4)Developing a performance evaluation system tailored to the Trust Bank's customer-oriented initiatives

[Product development and investment]

• The Trust Bank will develop a system that evaluates performance based on customers' interests and needs.

[Sales]

• The Trust Bank has not only informed the person in charge of customer-oriented policy and status of initiatives, but also introduced a performance evaluation system for comprehensive evaluation of sales activities that contributes to customers' benefits and needs without inclining to sales of specific investment products. Furthermore, the Trust Bank has a performance evaluation system in place that evaluates factors, such as steady expansion of the customer base and continuous accumulation of deposit balance in a well-balanced manner.

(5)Initiatives of investment education

[Product development and investment]

• The Trust Bank leverages its asset management expertise to provide a variety of investment education programs to assist customers in thinking about their life plans and asset formation, as well as in taking action. The Trust Bank will expand the volume and enhance the contents of its investment education and enlightenment activities.

(1)Developing product lineup that meets diverse needs

[Sales]

• The Trust Bank will develop a diverse, high quality product lineup to enable customers to select appropriate products according to their investment objectives, risk tolerance, and other requirements.
• The Trust Bank will offer a large selection of products, including many with lower risks or with lower fees, in order to provide a product lineup that makes it easier for more customers, including those with little investment experience, to use its services. The Trust Bank is also striving to improve the convenience of online trading and installment investments and thereby to create an environment that makes it easier for customers from a broad age group to use its services.

(2)Selecting products that benefit customers' asset formation and development of sales procedures, etc.

[Sales]

• The Trust Bank will call on various investment management companies and insurance companies for many product ideas and utilize the services of external evaluation agencies as needed to select products and services that benefit its customers' interests. Furthermore, the Trust Bank will take customers' complaints, opinions, and requests regarding the sales of its products and services seriously to improve its products and services.
• The Trust Bank is implementing the following initiatives so as to not prioritize the products of its affiliated investment management companies or recommend only products with high sales fees when making a product selection or a sale.

At the time of product selection

The Trust Bank product lines are selected from among products of the same types, taking into account the points for selection noted below.

<Points for selection>

•Risk of product

•Cost

•Past performance

•Needs of anticipated customers, compatibility, and consistency with the investment environment

•Complexity of the product structure, difficulty of explaining the product, sales channel

•Investment management company's support system for sales representatives (education, sales)

•Conformity with relevant laws and regulations

There are times when the Trust Bank's consideration leads to its selecting a product offered by an affiliated investment management company. The Trust Bank will also elucidate the process of selecting products to be proposed for its defined contribution (DC) pension management and administration services by using equivalent criteria as the abovementioned selection process.

At the time of sales

In order to introduce the most optimal products that meet customer needs, the Trust Bank does not provide excessive incentives for the handling products of affiliated investment management companies. Nor does the Trust Bank favor selling products of its affiliated investment management companies over selling the same type of products offered by non-affiliated investment management companies in its evaluation of executives and employees. In addition, to ensure that the Trust Bank's sales are not concentrated on products with high fees, the division responsible for risks conducts monitoring on a regular basis to maintain appropriateness in the Trust Bank's activities of giving proposals to customers.

(1)Sophisticating investments for the improvement of customers' investment performance

[Product development and investment]

• The Trust Bank seeks to fulfill its stewardship responsibilities¹ with respect to all investment instruments for the purpose of increasing returns not only from active investments but also from passive management.
• The Trust Bank secures consistency in its investment management by establishing a disciplined process of Plan (investment planning) → Do (investment execution) → See (investment evaluation) for each product based on its investment philosophy and by managing the system as an organization with experts involved in each process.
• From the perspective of fiduciary responsibility, the Trust Bank ensures best execution with respect to assets entrusted for managed investment through monitoring conducted by both the division responsible for trust investment management and that for trust asset risk management.

(2)Ensuring independence and transparency of investment management operations

[Product development and investment]

• Given the fact that the Trust Bank has under its organization both the division responsible for trusted asset management and that for corporate business, it has developed an appropriate governance system as an investment management institution to ensure the independence and transparency of its investment management operations.
• In addition to the Trust Bank's thorough control over conflicts of interest for example with its existing system to block information exchange (Chinese Wall), the Trust Bank will further enhance the effectiveness of its stewardship activities as an investment management institution.

[Main contents]

<Reinforcing governance and conflict of interest control as an investment management institution>

• Initiate full-scale operation of the Stewardship Committee --an organization under the supervision of the Board of Directors, the majority of which consists of external, third-party figures–which was newly set up in March 2017 as a means to verify that the exercise of voting rights, engagement activities, and investment actions in the Trust Bank's trust management operations is executed adequately and fairly to ensure the maximization of investors' interests.
• Prohibit the personnel transfer of individuals who have within the past five years belonged to a sales division that has direct contact with corporate customers to the investment management division in order to block the risk of any influence from the corporate business divisions on the investment management division of the Trust Assets Business Unit.
• Define as a rule, matters to be observed (prohibiting as a general rule, direct contact between the investment management division and other divisions that are not directly involved in investment management operations) in order to block nonpublic information or the assertion of influence on investment decisions or the exercise of voting rights.
• Enhance the effectiveness of the system to block information and to block influence from other divisions by strengthening the monitoring of the entire process, including the exercise of voting rights, conducted by parties not under the Trust Assets Business Unit in addition to monitoring by the Trust Assets Business Unit.

<Enhancing disclosure of the results of vote execution>

• In order to improve the transparency of stewardship activities via strengthening governance as an investment management institution, the Trust Bank discloses the grounds for its decisions in case it issues instructions to oppose (or instructions to approve in the case of matters proposed by shareholders), as well as for its approval or opposition for each matter subject to resolution for all issues where it issues instructions based on the Guidelines for Exercising Voting Rights among Japanese equities in which the Company invests.

<Disclosing the policy for engagement activities in passive management>

• Disclose the policy for engagement activities conducted based on certain criteria (low ROE, market cap, etc.) in passive management.

<Enhancing self-evaluation of stewardship activities of an investment management institution>

• Disclose the respective self-evaluations looking back on the policy and results of the exercise of voting rights and engagement activities in light of reviews by external third parties.

(1)Improving the quality of comprehensive asset administration services to support asset management

[Asset administration]

• The Trust Bank will make it its principle to prioritize customers' trust and confidence and accommodate the various needs of customers, not only in Japan but across the globe, in a precise and prompt manner.
• The Trust Bank will actively seek to develop new technologies and new areas for its asset administration services and efficiently provide customers with the highest quality of comprehensive asset administration services.
• In addition to MUFG Group's network of overseas bases, the Trust Bank will utilize various overseas custodians to provide comprehensive asset administration services that can accommodate customers' diverse and global investment needs.

(2)Providing a broad range of information about asset administration

[Asset administration]

• The Trust Bank will study and manage the legal regulations (including tax systems) concerning asset management in the different countries, and in order to support customers' efficient asset management, the Trust Bank will provide such market information in an extensive and timely manner, taking into consideration the impact on customers.

[Sales]

• In order to accommodate the diverse needs of customers, the Trust Bank is striving to make proposals leveraging the comprehensive strengths of the group companies, including MUFG Bank and Mitsubishi UFJ Securities Holdings. Furthermore, the Trust Bank will accommodate its customers' changing needs by continuously working on making proposals that reflect their intentions.
• The Trust Bank makes comprehensive proposals not only on investment products but also on loans, inheritance or asset succession, and real estate purchases/sales according to the life cycles and needs of the customer.

[Sales]

• The Trust Bank is seeking to improve customers' convenience by embracing the mindset of open innovation that actively adopts outstanding technologies and ideas from Japan and abroad in collaboration with external companies and research institutions, etc., and thus adding new services and functions to its digital channels, for example.
• The Trust Bank will strive to further improve customers' convenience, as well as its proposals, by utilizing tablets and other devices to simplify procedures and expedite responses.
• The Trust Bank is enhancing the security of its online banking system day by day to develop a system so that customers can feel safe using its online services.

[Asset administration]

• The Trust Bank will introduce a globally recognized state-of-the-art system to provide comprehensive asset administration services utilizing cutting-edge technologies for various derivative transactions, as well as mark to market valuations, provision of risk management information, and on-demand information disclosure.

[Product development and investment]

• In order to provide products and services that are genuinely selected as the customers' choice, the Trust Bank fosters professional human resources by formulating and implementing a human resource development program aimed at strengthening its investment management operations. The Trust Bank provides training programs for the various levels of expertise to improve expertise.
• The Trust Bank has an articulated remuneration system in place for fund managers who are required to possess a high degree of expertise.

[Sales]

• The Trust Bank is enhancing its expertise as professionals by improving knowledge and skills on products and the investment environment through training and encouraging obtaining external specialized qualifications. Furthermore, the Trust Bank seeks to improve the quality of its executives and employees by encouraging those who visit individual customers to obtain financial planner (FP) and other external qualifications, while also providing training according to their experience and organizational positions to improve knowledge and skills for products and the investment environment.

[Asset administration]

• In order to provide comprehensive asset administration services that are genuinely selected as the customers' choice, the Trust Bank's executives and employees are provided with opportunities and workplaces where they can enhance their expertise and fulfill their potential, and each and every one of them aspire to become professionals recognized in the market.

(Note 1) The responsibility of institutional investors to seek to enhance the medium- to long-term investment return for clients and beneficiaries (including ultimate beneficiaries) by improving the corporate value and fostering the sustainable growth of investee companies through constructive purposeful dialogs (engagement) based on a deep understanding of the company concerned and its business environment.

Mitsubishi UFJ Trust and Banking Corporation supports the FX Global Code (Global Foreign Exchange Committee) and is committed to conducting its wholesale FX business in a manner consistent with the principles of the Code.In Japanese

Global Wholesale Foreign Exchange Dealing Disclosure(FXDD) (PDF 452KB) 

Disclosure Cover Sheet (PDF 976KB) 

STATEMENT OF COMMITMENT TO THE FX GLOBAL CODE (PDF 112KB) 

To report concerns about potentially improper practices and behaviours relating to the Code, please contact us by clicking the Contact Us. All information submitted will be treated confidentially and made anonymously on your choice.