MUFG Investor Services Announces Management Changes
May. 17, 2018
NEW YORK--(BUSINESS WIRE)--May 17, 2018--MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced that Eiji Ihori will take on the role of interim Chief Executive Officer effective July 1, 2018. Eiji is replacing Mark Porter who is stepping into an advisory role. Mark joined the company in 2015 as part of the acquisition of UBS Alternative Fund Services from UBS Asset Management, where he was employed in various roles for over 25 years.
Mark will transition into a Non-Executive Director role serving as a board member to both our holding company, MUFG Investor Services Holdings Limited and Mitsubishi UFJ Investor Services & Banking Luxembourg S.A. (MIBL).
“Mark has been a tremendous asset to the organization, providing a vision that has been a road map not only for the Investor Services business, but also for the broader company,” said Eiji. “We look forward to continuing to leverage Mark’s valuable perspective as an advisor and thank him for his excellent leadership through our company’s integration and growth.”
Eiji will be focused on continuing to capitalize upon the company’s strong growth and momentum, working closely with counterparts within the MUFG organization. He has been with Mitsubishi UFJ Trust and Banking Corporation (MUTB) for over 35 years and has overseen both the Japanese and global investor services businesses. Over the last three years, Eiji has played a key role in completing the acquisitions in alternative fund administration that have helped MUFG Investor Services scale to one of the leading providers in the space.
Eiji will be supported by John Sergides, who will assume the role of Deputy Chief Executive Officer and align closely on strategic direction for the company. John has been and will continue to be responsible for driving MUFG Investor Services’ asset servicing solutions globally as Head of Sales & Marketing, based in New York. He was formerly the Global Head of Sales at UBS AFS and held several other roles at Deutsche Bank and JP Morgan Chase.
“MUFG has always followed a client-service model, something that’s central to our identity and the main reason for our growth,” said John. “With new leadership, we aim to ensure that our direction continues to reflect our deep sentiment for relationships while remaining focused on driving strong performance and product innovation. We’re excited by the new opportunities this will ultimately yield for our clients.”
Mac Kirschner will assume the role of Chief Operating Officer of MUFG Investor Services, an integral position in which he will help support a smooth transition and the organization’s day-to-day operations. He is well positioned to lead this function, having spent 16 years in operations at BlackRock, while his last two years as Global Head of Relationship Management for MUFG Investor Services will help maintain that clients remain top priority across all business operations.
Michael Rucci will also continue to support Eiji particularly on solutions in Dallas and Rockville as CEO of MUFG Fund Services USA.
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. Visit: www.mufg-investorservices.com.
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 MUFG Bank Ltd, 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005987/en/
Mark LaVoie, 646-503-6011
Clients and Investors:
MUFG Investor Services
Jenny Redlin, 646-761-0566
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA NEW YORK JAPAN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: MUFG Investor Services
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PUB: 05/17/2018 11:30 AM/DISC: 05/17/2018 11:30 AM