Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG), has agreed a deal with InvestCloud to install its Wealth Adviser platform for use among the bank’s employees.

The service will be used for wealth management and financial planning. According to Christine Ciriani, chief executive of InvestCloud’s private banking division, the deal is recognition of the company’s investment in its Japanese presence.

“This means everything from supporting local regulation to adapting our wealth management platform to the Japanese script and the Japanese calendar,” Ciriani said.

Japan currently ranks as the second largest wealth management market worldwide.

Funds Global Asia