Mitsubishi companies

Union Bank© Partners with FIS for Next Generation Banking Technology

Retrieved on: 
Wednesday, January 15, 2020
Companies, Mitsubishi companies, Finance, Mitsubishi UFJ Financial Group, Financial District, San Francisco, MUFG Union Bank, fis, Bank

LOS ANGELES, Jan. 15, 2020 /PRNewswire/ -- Union Bank and global technology leader FIS (NYSE: FIS) today announced a cooperative agreement to deliver a next-generation core banking platform to power the bank through its next iteration of digital offerings.

Key Points: 
  • LOS ANGELES, Jan. 15, 2020 /PRNewswire/ -- Union Bank and global technology leader FIS (NYSE: FIS) today announced a cooperative agreement to deliver a next-generation core banking platform to power the bank through its next iteration of digital offerings.
  • Union Bank is the first global financial institution to choose the new Modern Banking Platform to drive innovation forward.
  • "Expanding on our success working with FIS on our PurePoint Financial digital bank, we are advancing our digital-first deposit platform across Union Bank," said Steve Cummings, President and Chief Executive Officer of MUFG Union Bank.
  • "The new FIS Modern Banking Platform will help Union Bank meet the expectations of digitally savvy clients who expect their banking experience to be as easy and convenient as shopping online," said Gary Norcross, FIS Chairman, President and CEO.

MUFG Investor Services Bolsters Securities Lending Practice with New Hire

Retrieved on: 
Monday, January 13, 2020
Banking, Accounting, Professional services, Finance, Mitsubishi companies, Companies, Economy of Japan, Mitsubishi UFJ Financial Group, UFJ, Securities lending, Mitsubishi UFJ Securities International, MUFG Bank

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Tim Smollen as Global Head of Global Securities Lending Solutions.

Key Points: 
  • MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Tim Smollen as Global Head of Global Securities Lending Solutions.
  • Mr. Smollen joins MUFG Investor Services from Deutsche Bank, where he was Global Head of Agency Securities Lending since 2009.
  • MUFG has 90 years of custody experience, 350 years of banking history and has run a global securities lending program for 20 years.
  • MUFG Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures.

Update: Mitsubishi Hitachi Power Systems, Patria Investments and Shell Announce Financial Close of Marlim Azul Power Plant

Retrieved on: 
Tuesday, January 7, 2020
Energy, Oil, Gas, Environment, Companies, Economy of Japan, Industries, Mitsubishi companies, Fuyo Group, Hitachi, Mitsubishi Heavy Industries, Mitsubishi Motors, Mitsubishi

Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazils State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia power plant, in Maca (Rio de Janeiro State).

Key Points: 
  • Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazils State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia power plant, in Maca (Rio de Janeiro State).
  • Formally agreed to in December 2018, the joint venture between Patria, Shell and MHPS includes development of the plant, as well as trading of the energy generated.
  • Patria Investments has a 50.1% stake in the project, while Grupo Shell has 29.9% and MHPS has 20%.
  • MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems (MHPS), a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in power generation systems.

RenaissanceRe Announces Secondary Public Offering of Common Shares by Tokio Marine & Nichido Fire Insurance Co., Ltd.

Retrieved on: 
Monday, January 6, 2020
Professional services, Finance, Insurance, Other Professional Services, Economy, Companies, Finance, Tokio Marine, RenaissanceRe, Mitsubishi companies, Tokio Marine Nichido, Tokio, Insurance, N-Shares, Reinsurance

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today an underwritten public secondary offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance Co., Ltd. (the Selling Shareholder).

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today an underwritten public secondary offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance Co., Ltd. (the Selling Shareholder).
  • Morgan Stanley & Co. LLC is acting as the sole underwriter for the offering.
  • The shares are being offered pursuant to an effective shelf registration statement that has been filed with theSecurities and Exchange Commission(the SEC).
  • RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital.

MUFG Union Bank Foundation Completes its Three-year, $3.5 Million Commitment to Address West Coast Affordable Housing Shortage

Retrieved on: 
Monday, January 6, 2020
Mitsubishi companies, Companies, Financial services, Financial District, San Francisco, MUFG Union Bank, Mitsubishi UFJ Financial Group, Union Bank, Bank, MUFG Bank

The multi-year funding allowed for our community partners to achieve operational efficiencies," said Kathy Patoff, Chief Operations Office for the MUFG Union Bank Foundation.

Key Points: 
  • The multi-year funding allowed for our community partners to achieve operational efficiencies," said Kathy Patoff, Chief Operations Office for the MUFG Union Bank Foundation.
  • Union Bank is a full-service bank with a rich history of investing in our clients, communities and employees throughout the West Coast for more than 150 years.
  • Union Bank provides a wide range of personal and business banking products as well as wealth management services.
  • The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City.

Mitsubishi Electric Automotive Americas Exhibits Advanced Technologies for Mobility as a Service (MaaS) at the 2020 Consumer Electronics Show

Retrieved on: 
Monday, January 6, 2020
Technology, Consumer electronics, Electronic design automation, Software, Other Technology, Automotive, Other Automotive, General Automotive, Companies, Mitsubishi companies, Industries, Economy of Japan, Fabless semiconductor companies, Gesture recognition, Qualcomm Snapdragon, System on a chip, Mitsubishi Motors, Qualcomm, Consumer Electronics Show, Mitsubishi

Working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, Mitsubishi Electric developed FLEXConnect.MaaS, a high performance, highly integrated demonstration system based on the 3rd generation Qualcomm Snapdragon Automotive Cockpit Platforms.

Key Points: 
  • Working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, Mitsubishi Electric developed FLEXConnect.MaaS, a high performance, highly integrated demonstration system based on the 3rd generation Qualcomm Snapdragon Automotive Cockpit Platforms.
  • FLEXConnect.MaaS shows a variety of customizable infotainment options automakers can utilize to differentiate their vehicles and provide rich and immersive in-vehicle experiences.
  • The new FLEXConnect.MaaS platform will be available for automotive manufacturers to view by invitation at CES 2020 in the Mitsubishi Electric booth (#7529) in the North Hall of the Las Vegas Convention Center.
  • Because of our strong, working relationship with Mitsubishi Electric, weve been able to architect FLEXConnect.MaaS as a powerful, integrated infotainment platform.

HERE forms strategic partnership with Mitsubishi Corporation to boost Asia Pacific growth

Retrieved on: 
Monday, January 6, 2020
Companies, Mitsubishi companies, Science and technology studies, Mitsubishi Motors, Nissan, Renault–Nissan–Mitsubishi Alliance, Conglomerate, Here, Mitsubishi, Innovation, General Electric

As part of their collaboration, MCisalso planning to leverage the HERE location platform to supportitsown digitalization initiatives.

Key Points: 
  • As part of their collaboration, MCisalso planning to leverage the HERE location platform to supportitsown digitalization initiatives.
  • MC is a conglomerate with businesses in many industries, including industrial infrastructure, materials, urban development, automotive, mineral resources, and chemicals.
  • We are excited to partner with Mitsubishi Corporation and bring our location technology to new markets and industries, said Edzard Overbeek, CEO, HERE Technologies.
  • Our joint partnership is proof of how different data sets enabled with location intelligence can drive growth, cost efficiency and innovation for customers across multiple industries.

HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors

Retrieved on: 
Friday, December 20, 2019
Companies, Mitsubishi companies, Economy of Japan, Nippon Telegraph and Telephone, Mitsubishi Electric, Mitsubishi Motors, NTT, Mitsubishi Corporation

Amsterdam HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30% ownership stake in the company.

Key Points: 
  • Amsterdam HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30% ownership stake in the company.
  • We are excited to welcome Mitsubishi Corporation and NTT as new strategic investors, said Edzard Overbeek, CEO HERE Technologies.
  • We will be honored to play a role in the digitalization initiatives of Mitsubishi Corporation and NTT.
  • We believe that HERE's Reality Index has unlimited potential, said Takehiko Kakiuchi, President and CEO, Mitsubishi Corporation.

Mitsubishi Electric to Exhibit at CES 2020 in Las Vegas, USA

Retrieved on: 
Tuesday, December 17, 2019
Other Manufacturing, Technology, Alternative Vehicles, Fuels, Mobile, Wireless, Automotive, Automotive Manufacturing, Manufacturing, Other Automotive, Hardware, Companies, Mitsubishi companies, Economy of Japan, Industries, Consumer Electronics Show, Mitsubishi Motors, Mitsubishi

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will exhibit cutting-edge automotive technologies and products for the our envisioned future MaaS (mobility as a service) society at CES 2020 show for consumer technologies in Las Vegas, U.S.A. from January 7 to 10.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will exhibit cutting-edge automotive technologies and products for the our envisioned future MaaS (mobility as a service) society at CES 2020 show for consumer technologies in Las Vegas, U.S.A. from January 7 to 10.
  • The Mitsubishi Electric exhibition, organized around the theme The next step in mobility, will be located at booth No.7529 in the North Hall of the Las Vegas Convention Center.
  • Products for ranging from hybrid to electric cars, such as compact and high-power motors and inverters will be exhibited.
  • Touch panel screens will introduce our related advanced technologies, including energy-management technology and bidirectional wireless-power-transfer technology.

Mitsubishi Electric Power Products, Inc. Announces an Agreement for the Sale of its Memphis, TN Factory

Retrieved on: 
Friday, December 13, 2019
Other Manufacturing, Technology, Semiconductor, Other Energy, Utilities, Manufacturing, Alternative energy, Energy, Nuclear, Companies, Mitsubishi companies, Economy of Japan, Anti-Japanese sentiment in Korea, Keiretsu, Mitsubishi, Zaibatsu, Caterpillar Inc., Transformer, Mitsubishi Electric United States

Mitsubishi Electric Power Products, Inc. (MEPPI) announced today that it entered into an agreement to sell its power transformer factory located in Memphis, TN to Hyosung Heavy Industries, known for the HICO brand in the United States.

Key Points: 
  • Mitsubishi Electric Power Products, Inc. (MEPPI) announced today that it entered into an agreement to sell its power transformer factory located in Memphis, TN to Hyosung Heavy Industries, known for the HICO brand in the United States.
  • We will continue to supply power transformers into North America from our factory located in Ako, Japan.
  • Headquartered in Warrendale, PA, Mitsubishi Electric Power Products, Inc. serves the North American power systems, rail transportation and water treatment industries with electrical and electronic products, systems and services.
  • Information on Mitsubishi Electric Power Products complete line of products and services can be found at www.MEPPI.com .