MUFG Investor Services Selects EquiLend Spire as Global Securities Finance Platform

Company Expands Global Securities Lending Solutions Group with Technology Decision   

New York, June 15, 2020 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has announced that its Global Securities Lending Solutions Group has selected the EquiLend Spire securities finance system as its core global platform to expand front, middle and back office solutions.

EquiLend Spire is a modular and scalable securities finance system offering solutions for compliance, reporting, risk analysis, accounting, positions and trade. MUFG Investor Services’ choice of EquiLend Spire as its global platform reflects our ongoing commitment to innovation by complementing cutting edge in-house technology with leading industry systems into front-, middle- and back-office offerings for clients. 

This deal also signifies yet another step MUFG Investor Services has taken to support the growth of its securities lending franchise. In January, MUFG appointed Tim Smollen to the new position of Global Head of Global Securities Lending to expand the group, which has been active for more than 20 years.

“EquiLend Spire is an industry-leading platform that will allow MUFG Investor Services to accelerate our workflows, improve risk management, make faster trades and streamline our operational efficiency,” said Mr. Smollen. “These increased capabilities are the beginning of the technological development of our data-driven securities lending offering. We look forward to announcing additional technology solutions that will continue to increase our offering’s effectiveness and automation and give our clients a distinct competitive advantage in the global marketplace.

“Even with all the uncertainty in the market brought on by unforeseen factors, we are continuing to invest in our people, strategy and technology,” said John Sergides, CEO of MUFG Investor Services. “Our commitment to our employees and to our clients go hand-in-hand, and this is one of several major new core product initiatives this year including FX overlay, cash management and private debt. Working via our ICG group (Institutional Client Coverage) for the Non-Bank Financial Institution space that supports client relationships spanning across our financial group, we are well positioned to deliver the most complete service to our clients and adapt to market changes when they arise.”

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Fabrice Mas Appointed to New Role as Head of PERA in Luxembourg

New York, April 27, 2020 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), has announced the appointment of Fabrice Mas as Head of Private Equity & Real Assets (PERA) Luxembourg as part of the firm’s strategy to continue to drive growth and expand operations into new markets. Mr. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, Global Head of Hedge Funds and PERA.

In his new role, Mr. Mas will establish the oversight model and manage the continued expansion of the firm’s PERA operations in Luxembourg. MUFG Investor Services’ offerings in Luxembourg include proprietary tools for private debt and PERA asset classes that complement the firm’s core technology systems to support General Partners and Limited Partners.

The appointment of Mr. Mas and the expansion in Luxembourg is the latest in a series of recent hires and acquisitions made by MUFG Investor Services, as the firm continues to identify opportunities to expand its global capabilities. MUFG Investor Services selected Luxembourg as a region for expansion due to recent growth of alternative investment funds in the country. Since 2018, the size of private equity funds in Luxembourg has increased by approximately 50%, accounting for 4.3% of the global total.

“Despite uncertainty in the global markets, we are continuing to invest in new regions and ways to improve our client offerings. We see the pronounced growth of alternative investment funds in Luxembourg as a clear opportunity to continue growing our global footprint” said Michael McCabe, Global Head of Business Development, Product and Marketing at MUFG Investor Services. “We are thrilled to have someone with Fabrice’s depth of knowledge and experience join our team as we continue to invest in our PERA offering.”

Mr. Mas comes to MUFG Investor Services from a top tier investment manager, where he was head of fund administration and shareholder services in Luxembourg. Prior to this, Mr. Mas was an audit manager for a Big Four audit firm in Luxembourg.

“I am very excited to join MUFG Investor Services and contribute to the development of a leading global PERA fund administration service,” said Mr. Mas. “In addition to our clients in the region, I also look forward to working with our North American clients as they continue to launch new Luxembourg funds, helping them take advantage of MUFG’s global operating model and serving as a strong, transparent and reliable partner in these increasingly uncertain markets.”

In these uncertain times, we want all members of our staff to be focused on taking care of their families and delivering for our clients, not on whether they will have a paycheck next month. While we can’t be sure how the impact of this pandemic will play out long-term, at this time we are committing that there will not be any reduction in staff at MUFG Investor Services in 2020 due to COVID-19.

Furthermore, there will be no cuts to employee benefits, as we want all our colleagues to know that we have their backs, especially during these uncertain times. In fact, we are pleased to be able to share that we have expanded employee benefits for parental leave and community volunteering in all regions, and are expanding maternity leave pay for our staff in Canada and private medical insurance coverage for our staff in the UK. Additionally, as a response to the adjustments our staff have had to make in light of the pandemic, each employee will receive compensation each month to cover incidental work from home expenses and we expanded our Sick Pay Policy for employees impacted by COVID-19.

We are confident in our ability to emerge from this global crisis by working together and showing our clients just what we are made of. Just in these past few weeks, our staff have continued to exceed expectation and demonstrate their unwavering commitment to MUFG and to our clients. It is only right that we show the same commitment to each and every one of our colleagues.

Lizzy Buss Joins as Executive Director of EMEA Sales and Cliodhna Murphy as Executive Director of Product Development

London, March 23, 2020 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has announced the appointment of Lizzy Buss as Executive Director of EMEA Sales and Cliodhna Murphy as Executive Director, Product Development. Both new hires will operate out of MUFG Investor Services’ London office.

Ms. Buss joins MUFG Investor Services with over 20 years’ experience in developing businesses with various roles at prime brokerage, family office, financial service firms and banks. In her new role, Ms. Buss will direct the sales and growth of MUFG Investor Services’ asset servicing solutions to investors and managers in Europe, the Middle East and Africa. She will report to Oliver Scully, Head of EMEA Sales at MUFG Investor Services.

“Appointing someone with Lizzy’s experience and knowledge of the EMEA markets will further our momentum in driving new sales across all asset classes and product offerings in those regions,” said Mr. Scully. “Her appointment reflects our commitment to continue expanding in all geographies and providing asset serving solutions to clients around the world.” 

Ms. Murphy joins MUFG Investor Services from Man Group, where she served under various roles including Business Manager for GLG Credit, Head of Investment Management Services and Head of Investor Operations. Prior to this, she was the Chief Operating Officer for the funds platform of start-up asset manager Decura. 

Within the product development team at MUFG Investor Services, Ms. Murphy will primarily work on the Single Manager and Fund of Hedge Fund lines of business, and she will also oversee other areas that span all lines of business including ESG. Ms. Murphy will report to Mike Dickey, Global Head of Product Development.

“Coming on board with more than 13 years of experience working with hedge funds and fund administrators—with roles across the front- and back-office—Cliodhna is well-positioned to support the further development of our platform,” said Mr. Dickey. “She will be a valuable addition to our team as we continue developing best-in-class products across all our business lines from single manager- to ESG-oriented solutions.”  

Halifax, Nova Scotia, March 11, 2020 – MUFG Investor Services is pleased to be recognized today by the Honourable Marco E.L Mendicino of Immigration, Refugees and Citizenship Canada as one of the recipients of the 2020 Employer Awards for Newcomer Employment. The Immigration, Refugees and Citizenship Canada (IRCC) Employer Award is an acknowledgment of MUFG Investor Services’ work, through its office in Halifax, Nova Scotia, to improve the integration of newcomers into the Canadian labour market. Rachael Pascall, Head of Talent Acquisition accepted the award on behalf of the firm.

MUFG Investor Services offers newcomers information on opportunities and IRCC-funded services, coordinates temporary housing, and provides basic necessities to ensure that new employees have a comfortable and positive experience arriving in Canada. These initiatives reflect the company’s commitment to a sustainable job creation process that promotes economic growth and social inclusion with the intent to foster more fulfilling careers and greater involvement in the community.

“MUFG Investor Services has always seen diversity and sustainable job creation as being at the heart of what makes a successful company. The people who make up our business are the key to our success, and having a truly global team means that we can continue providing best-in-class service while understanding what our clients and local communities are facing,” said John Sergides, CEO of MUFG Investor Services. “We are honored to be acknowledged by the Government of Canada for our commitment to the values of diversity and inclusion.”

The Halifax office currently supports 277 permanent employees, two contract workers and five co-op students, all from various backgrounds. The size of MUFG Investor Services’ Halifax team has more than tripled in the past three years, as the company recognizes the region as a strategic location to grow due to its geographical proximity and easy travel to financial centers and increased access to a diverse and talented workforce.

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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 $2.8 trillion in assets – it provides 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 Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures. It has over $600bn in assets under administration.

Dr. Hans Jacob Feder and Alberto Baptiste Appointed to New Roles in London and New York

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New York, March 3, 2020 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has announced two new senior hires as part of the expansion of its FX services offering. Dr. Hans Jacob Feder joined as a Managing Director and Global Head of FX Services and Alberto (“Al”) Baptiste joined as Executive Director and Head of FX Sales. This expansion demonstrates the firm’s continued commitment to delivering cutting edge FX solutions to its clients.

With these hires, MUFG Investor Services will expand its capabilities in providing comprehensive FX hedging solutions, such as its market leading FX Overlay product, as well as enhanced FX services around custody, translation hedging and payment conversions. MUFG Investor Services’ FX Overlay product provides fully integrated hedging to take on all aspects of FX administration, including hedge initiation, hedge roll calculation, execution, tolerance level monitoring, subscription and redemption re-balancing and reporting.

Dr. Feder will be based in MUFG’s London office and will report to John Sergides, CEO of MUFG Investor Services. He joins MUFG Investor Services from J.P. Morgan Securities, where his most recent role was Managing Director and Head of FX Services Execution. Prior to joining J.P. Morgan, he served as Managing Director at Deutsche Bank where he led the development of their passive currency overlay product and was the global head of FX Trading for Deutsche Asset & Wealth Management. Prior to joining Deutsche Bank, Dr. Feder spent 5 years at Goldman Sachs International.

Al will be based in New York and report to Michael McCabe, Managing Director and Global Head of Business Development for Product and Marketing. He comes to MUFG from Bank of New York Mellon, where he ran the bank’s FX overlay sales function for 11 years.

“We are keenly focused on bolstering our FX offering this year, as we have seen a significant increase in demand from asset managers for support in this space. Both Hans and Al are familiar with building FX services and bring more than 50 years of combined experience to our team,” said John Sergides, CEO of MUFG Investor Services. “With their expertise on board, we will continue to elevate our offerings and expand our services to meet the evolving needs of our clients in currency overlay.” 

These appointments are the latest in a series of strategic hires made by MUFG Investor Services in recent months, as the company continues to bolster its technology and client offerings. In January 2020, the company announced the expansion of its securities lending practice with the appointment of Tim Smollen as Global Head of Global Securities Lending Solutions along with an additional eight hires.