Altum Group, the C.I.-based financial services provider, has completed its acquisition of Link Fund Solutions (Luxembourg) S.A. (Link Luxembourg), following full regulatory approvals. Link Luxembourg is a provider of AIFM and third-party ManCo services. Following the close, Link Luxembourg will soon be rebranded to Altum Management Company (Luxembourg) S.A. and will operate as a subsidiary…
Category: MUFG
MUFG hires from Credit Suisse
MUFG Investor Services has hired Tim Bulmer as global head of asset-backed fund financing, based in London. He was previously at Credit Suisse.
MUFG reaches USD1trn AuA, but…
MUFG Investor Services has issued a press release that can only be described, at best, as economical with the truth. In announcing that AuA has surpassed USD1trn, MUFG claims that it is a “global leader” in asset servicing and one of the largest fund administrators in the world, neither of which stands up to scrutiny.…
MUFG bids for Link
Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of MUFG, has agreed to acquire 100pct of the issued shares of Link Administration Holdings Limited, the troubled Australian administrator, for AUD1.2bn (USD800m). Link Group is the largest Australian pension administration company, servicing approximately 41pct (10 million accounts) of Australian private pension members. Earlier this year Link…
MUFG opens in Malaysia
MUFG Investor Services has opened an operation in Kuala Lumpur, Malaysia, providing fund accounting, administration and asset servicing. Puneet Gupta has been appointed head of Malaysia, joining from Kimberly Clark, where he was director of global business services, responsible for the APAC region.
Maddock joins MUFG
Gilbert Maddock has joined MUFG Investor Services as an executive director, business development, based in New York. He previously spent six years at Citi and has also worked for BNY Mellon.
MUFG to boost banking solutions
MUFG Investor Services, which has USD770bn AuA, plans to expand its banking solutions to address client demand for payment and cash management services. To support this strategy, Adil Rehman has been appointed managing director, global head of payments and liquidity. Rehman was most recently international head of transaction banking at Goldman Sachs.
MUTB outsources cash management to FWIA
Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
MUFG hires from Citi for APAC push
MUFG Investor Services, has appointed Fi Dinh as head of fund finance for the APAC region. She joins from Citi Private Bank, where she led a portfolio of private equity fund finance relationships and directed the ESG-linked financing initiative for the business globally. In her new role, Dinh will focus on expanding the fund financing…
Apex hires product transformation manager
Ken McCarney has joined Apex as product transformation manager, based in Dublin. He was previously CEO of Epoch Alpha Partners, and also spent almost 12 years at MUFG Investor Services, latterly as CEO in Ireland.