Brown Brothers Harriman has entered into an arrangement with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation (MUTB), under Mitsubishi UFJ Financial Group, Inc, for the provision of enhanced securities lending services to BBH’s asset manager and financial institutions clients globally. BBH clients will benefit from an enhanced securities lending product…
Category: MUFG
Maples advises on new fund
Maples and Calder, the Maples Group’s law firm, has advised on the launch of the Daiwa Blackstone Infrastructure Fund. The fund, which was recently launched, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The fund is managed by IQ-EQ Fund Management (Ireland) Limited, IQ-EQ’s Irish fund management…
Pirum hires U.S. sales director
Pirum, the fintech focused on securities finance and collateral management, has appointed Richard Marquis as director, sales, North America. Based in New York, Marquis joins Pirum from MUFG Securities, where he ran the securities finance regulatory project for 10c-1a compliance. He has also worked at BNY, J.P. Morgan and UBS.
MUFG completes Link deal
The acquisition of Link Group by Mitsubishi UFJ Trust & Banking Corporation has been completed. Under its new ownership, Link Group will be rebranded as MUFG Pension & Market Services, comprised of two business lines, MUFG Corporate Markets and MUFG Retirement Solutions. MUFG Retirement Solutions has recently opened an office in Hong Kong.
Altum closes Link Lux deal
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…
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.