MUFG Investor Services Expands London Office with Two Senior Appointments

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.

www.mufg-investorservices.com

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.

Tim Smollen Appointed as Global Head of Global Securities Lending Solutions

New York, January 8, 2020 – 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. He will be based in New York and will be joined by eight additional hires who will support the growth and development of MUFG’s securities lending franchise. 

The group led by Tim, will focus on providing the highest level of client service, innovation and thought leadership by developing custom solutions to match the various needs of MUFG’s clients and other 3rd party clients, while sustaining lending performance. This is the latest push to expand and accelerate the growth of MUFG’s global securities lending program, which has been active for more than 20 years.

“Bringing Tim on-board to lead our expanding team reinforces our commitment to further growing this business and becoming one of the globally recognized programs in this space,” said John Sergides, CEO of MUFG Investor Services. “As we welcome Tim’s experience and industry expertise, we will continue to invest in leading technology to keep MUFG at the forefront of innovation in securities lending.”  

Mr. Smollen joins MUFG Investor Services from Deutsche Bank, where he was Global Head of Agency Securities Lending since 2009. He had previously led the Agency Securities Lending team at Dresdner Kleinwort Wasserstein from 2002 to 2009, as well as holding various senior roles at JP Morgan Chase.

“At a time of global regulatory change, it is important for investment managers interested in securities lending to find a partner they can rely on that is capable of providing consistently high-quality service and stability. I am excited to join MUFG Investor Services as it has continuously proven its commitment to innovating with technology and investing in personnel in order to provide clients with the highest quality solutions,” said Mr. Smollen. “I am looking forward to working with the team to expand this line of business and provide clients with the solutions that meet their needs.”

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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 $2.7 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 Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures. It has over $580bn in assets under administration. 

London, October 11, 2019 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (“MUFG”), has reached an agreement to acquire select divisions of the fund administration business of Maitland, a privately owned global advisory, administration and family office firm. Maitland personnel will join MUFG Investor Services offices in the Cayman Islands, Halifax, and Dublin.

When completed, the acquisition will add approximately $20 billion in assets under administration (“AUA”) to MUFG Investor Services, bringing the total AUA to over $600 billion and expanding the firm’s market share in major markets. The assets consist of hedge funds and private equity funds.

Additionally, new clients will have access to banking and treasury solutions from one of the largest banks in the world with an established global footprint allowing for efficiencies of scale, risk mitigation, and tailored service models.

The deal is the latest in MUFG Investor Services’ continued push to identify leading financial technology and asset servicing partners that will help the firm continue to innovate and adapt to the changing financial environment. Through this acquisition, MUFG Investor Services’ will be enhancing the client experience by offering innovated and improved efficiencies to a broader client base.

“We were impressed with the work Maitland delivers and the superior level of service they provide to clients, qualities we hold to a high regard as well,” said John Sergides, CEO at MUFG Investor Services. “By adding Maitland’s capabilities and technology, we are able to reaffirm our commitment to the alternative asset servicing space and ensure our clients continue to receive the best possible support.”

“For nearly 30 years, we have offered independent third-party fund administration services across a wide range of fund types, strategies and investment styles, operating at the highest technological and governance levels with a highly recognized client service model,” said Scott Price, Head of Private Equity and Hedge Fund Services at Maitland. “The partnership and integration with MUFG Investor Services will afford an even larger platform to offer the strongest capabilities to our clients.”

The transaction is expected to close in 2020, subject to regulatory approvals and closing conditions.

Terms of the deal are undisclosed.


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, 360 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 $580bn in assets under administration.
www.mufg-investorservices.com


About Maitland:
Maitland is a global advisory and administration firm providing seamless multi-jurisdictional legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients.

Founded in Luxembourg in 1976, Maitland is privately owned with 17 offices across 12 jurisdictions, over 1,100 employees and over $220 billion in assets under administration.

Providing independent third-party fund administration services since 1990, Maitland expanded its operations to North America by acquiring an award-winning global fund administration firm in 2012. Leveraging the talented team of accountants and technology specialists with over 45 combined years of experience in technology integration, Maitland has been steadily evolving solutions for hedge, private equity and hybrid funds.

We leverage strong values and a collaborative culture to build trusted relationships with our clients and provide tailored end-to-end solutions that embrace complexity and deliver simplicity.
www.maitlandgroup.com

Contacts:
Prosek Partners
Mark LaVoie
646-818-9233
MLaVoie@Prosek.com

Ramona Heine will serve as first woman appointed to company board

New York, 3 October 2019 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has announced the appointment of Ramona Heine as Non-Executive Director for the board of MUFG Investor Services Holdings Limited, the organization’s holding company. She is the first woman appointed to the 6-member board.

In this role, Mrs. Heine will be focused on shaping the firm’s acquisition and growth strategy, helping to develop and achieve MUFG’s vision for the future while ensuring the highest quality corporate governance. She will be based in New York and will join the board effective immediately.

“We are thrilled to have Ramona join the board of MUFG Investors Services Holdings Limited. Her extensive experience in the asset management and asset servicing industry as well as her expertise in first rate governance will enable us to further enhance our client offering in a strategic and sustainable manner.” said John Sergides, Chief Executive Officer of MUFG Investor Services. “Ramona’s appointment reflects our commitment to providing our clients with best-in-class services through the inclusion of industry experts of all backgrounds and diversification of the expertise and perspectives of our corporate leaders. We look forward to all her contributions to the board and to MUFG Investor Services.”

Mrs. Heine is the Principle and Co-Founder of Heine & Kim Fiduciary Partners LLC and joins MUFG with more than 20 years of experience in the asset management industry. She previously spent 11 years at UBS Asset Management, most recently as Managing Director, where she was responsible for the firm’s global pricing strategy across all investment capabilities, proprietary capital management, product strategy, and product development for alternatives.

“I worked closely with MUFG Investor Services while I was at UBS and saw their high caliber client offerings first-hand and what makes them among the most well-respected asset servicing businesses in the industry.  I am honored to be a part of the advisory team and to have the opportunity to help lead the organization,” said Mrs. Heine. “I look forward to helping refine the vision put forth by the board and lay out a road map for MUFG Investor Services as we continue to innovate and grow to best support clients.”

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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 $2.7 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 Investor Services currently provides administration services for over 2,075 funds across all investment strategies, asset types and fund structures. We have over $580bn in assets under administration.

www.mufg-investorservices.com