Alliance to Simplify Post-Trade Processing for Clients as Demand for Business Outsourcing Solutions Grows
NEW YORK, February 27, 2018 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced an exclusive partnership with Point Nine Limited, an industry leader in outsourced operations, processing and reporting for post-trade execution. Point Nine’s middle office platform, Circle, built in Python architecture, will also be available to MUFG Investor Services’ clients and enhance the firm’s existing Business Process Outsourcing (“BPO”) technology offering.
In light of increased regulations, such as MiFID II, and additional requirements for asset managers to handle more data, this partnership between MUFG Investor Services and Point Nine aims to relieve some of the operational burden for managers.
“As our clients navigate new regulations and respond to technological trends, they’re increasingly relying on trustworthy partners that prioritize efficiency without sacrificing intelligence and oversight,” said John Sergides, Global Head of Sales at MUFG Investor Services. “Our partnership with Point Nine will bolster our BPO capabilities as its platform offers complete transparency into the operational domain. This enhanced service will provide our clients with the insights and support needed in an increasingly competitive landscape.”
MUFG Investor Services’ partnership with Point Nine, who has been heavily involved in the Python community, demonstrates the firm’s ongoing commitment to innovating its products and technology to meet evolving client needs. Demand for BPO continues to climb at MUFG Investor Services, which currently services over $100 billion in assets globally for firms outsourcing operations, freeing up in house resources, and looking to leverage MUFG’s expertise.
“As MUFG Investor Services’ clients grapple with their transactions processes, our tested proprietary technology platform will help strengthen their operational setup, isolating them from the impact of new regulations and leveraging operational efficiencies across the board,” said Pavlos Christoforou, Partner and Co-Founder of Point Nine. “We are honored to have been selected by MUFG Investor Services as a business process outsourcing partner and excited by the opportunity to deploy our cloud based platform for their clients globally.”
About MUFG Investor Services
MUFG Investor Services provides asset servicing solutions to clients globally. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.7 trillion in assets – we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, fund of hedge fund financing, trustee services and depository to securities lending and other banking services.
MUFG has 90 years of custody experience, 350 years of banking history and has run a global securities lending program for 20 years. MUFG currently provides administration services for over 2,400 funds across all investment strategies, asset types and fund structures. It has over $500bn in assets under administration.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the world’s leading financial groups, with total assets of approximately $2.7 trillion (USD) as of March 31, 2017. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with more than 2,200 offices in nearly 50 countries. The Group has more than 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms. Through close partnerships among our operating companies, the Group aims to “be the world’s most trusted financial group,” flexibly responding 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 (MTU) stock exchanges. Visit www.mufg.jp/english/index.html.
About Point Nine Limited
Point Nine is an industry leader in post-trade processing and regulatory reporting. Founded in 2002, Point Nine partners with both buy side and sell side firms to help them address the ever-expanding challenges of post-trade processing and regulatory reporting. A fully cloud based fintech provider, Point Nine currently offers technology and managed services to more than 70 customers across the globe including Hedge Funds, Asset Managers, Brokers and Banks.