MUFG Investor Services

Insight & Media
Insight & Media
Our Insight & Media section brings you the latest thinking and news from our Investor Services Group. Here you will find insight covering regulation, technology, markets, and other topical issues which affect our clients and the wider investment industry.
Oct 27 2019

Completion of the Acquisition of Shares ofPoint Nine Limitedby Mitsubishi UFJ Trust and Banking

Tokyo, October 28, 2019 — Mitsubishi UFJ Trust and Banking Corporation (“the Trust Bank”), a consolidated subsidiary of Mitsubishi UFJ Financial Group (“MUFG”), today announced the completion of its acquisition of shares of Point Nine Limited, originally announced on June 7, 2019[1]. The new company name has changed to “MUFG Investor Services FinTech Limited” (“MUFG ISFT”).

MUFG ISFT is already engaged in Business Process Outsourcing for Asset Management companies with proven success in system development of middle and back-office functions, such as data management and regulatory reporting by utilizing programming language Python [2].

The Trust Bank will enhance its services and presence as one of the largest investor service companies in Asia/ Oceania region by this transaction. MUFG, together with MUFG ISFT, strives to deliver efficiency, speed, and organization to clients’ complex technology and data needs.

Notes:

[1] Mitsubishi UFJ Trust and Banking Corporation to Acquire Point Nine Limited

https://www.tr.mufg.jp/english/pressreleases/pdf/20190607_1.pdf

[2] One of the main programming languages utilized in various fields such as machine learning, data analysis.

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

For more information, visit https://www.mufg.jp/english.

About the Trust Bank

Mitsubishi UFJ Trust and Banking Corporation, as a core member of MUFG, provides its customers with a wide range of comprehensive financial solutions leveraging unique and highly professional functions as a leading trust bank. Such financial solutions include real estate, stock transfer agency, asset management and investor services, and inheritance related services, in addition to banking operations. We aim to realize our vision to be the trust bank that creates “a safe and affluent society” and “a bright future with our customers together” by always supporting our customers’ and society’s challenges based on Trust, and thus created a new key concept: “Trust Drives Our Future”.

For more information, visit https://www.tr.mufg.jp/english.