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Mitsubishi UFJ Fund Services raises AuA
19 March 2014
Follows acquisition of $14bn Meridian Fund Services Group
Mitsubishi UFJ (MUFG) Fund Services has announced the
acquisition of Meridian Fund Services Group, a fund
administrator with $14bn of assets under administration.
The acquisition raises MUFG's fund services AuA to
approximately $165bn, servicing over 300 clients and 1000
"The acquisition is a clear indication of our strategy and
commitment of growing as a premier fund administrator servicing
the global investment industry," said Tim Calveley, deputy CEO
Mitsubishi UFJ Fund Services.
"As regulatory and investor pressures continue to rise,
investment managers need a partner who has both a strong
balance sheet and can provide a wide range of solutions to meet
specific needs. With the backing of the fifth largest bank in
the world by assets we are confident in our expanding capacity
to deliver the global reach, range of service and security our
"We are confident our clients will experience a smooth
transition and will benefit from the strength and resources of
MUFG, giving access to a range of additional services such as
custody, securities lending and other banking services," added
Tom Davis, chairman of Meridian Holdings Limited, Meridian
Group's holding company.
The transaction is subject to regulatory approvals.