Mitsubishi UFJ Financial Group, Inc. (MUFG) is a holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Co., Ltd., and Mitsubishi UFJ NICOS Co., Ltd., (Mitsubishi UFJ NICOS). The services of the Company include commercial banking, trust banking, credit cards, asset management, leasing and other financial services. MUTB is a trust bank in Japan, providing trust and banking services to clients in Japan and the rest of Asia, as well as in the United States and Europe. MUS provides underwriting and brokerage of securities, mergers and acquisitions, derivatives, corporate advisory and securitization operations. Mitsubishi UFJ NICOS is a credit card company in Japan that issues credit cards, and provides credit card and other related services. On October 14, 2008, it acquired a 21% stake in Morgan Stanley. In November 2008, the Company, along with BTMU, completed the acquisition of UnionBanCal Corp.