MUFG hires to boost Southeast Asia debt coverage

MUFG Securities Asia, the overseas brokerage arm of Mitsubishi UFJ Financial Group, Japan's biggest bank, has hired Hardik Dalal as an executive director, according to an internal memo seen by FinanceAsia this week.

The hiring of Dala underscores MUFG’s efforts to boost revenue from its capital markets franchise in Southeast Asia and India, where the Japanese firm has created commercial relationships with Indian lenders in the past few years.

“We have built enough traction with clients in Southeast Asia and India,” Augusto King, the head of capital markets group for Asia at MUFG Securities, told FinanceAsia. “We believe it is the right...