Morgan Stanley and Mitsubishi UFJ Financial Group Inc. are all set to create a loan marketing joint venture in the United States, a move which will strengthen both financial firms' corporate and investment-banking efforts.
 
Later, the joint venture will be expanded to other parts of North and South America. 

It is informed that Morgan Stanley and Mitsubishi UFJ, Japan’s biggest bank would have combined loan commitments to U.S. companies of more than $100 billion.

Under the agreement, the two financial firms would also allow some of their employees to work at the other firm for some time to share knowledge and gain the work-experience in different corporate cultures.

Last year; Mitsubishi UFJ bought $9 billion of convertible preferred shares in Morgan Stanely, which made it Morgan Stanley's largest investor.

John Mack, Morgan Stanley Chief Executive, said that stronger financing capabilities would be provided to the customers by the joint venture.

The joint venture would help Morgan Stanley to rival JPMorgan Chase & Co., Bank of America Corp., Citigroup and the like.