MUFG Investor Services acquires UBS GAM AFS

MUFG Investor Services acquires UBS GAM AFS

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MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, will acquire UBS Global Asset Management's alternative fund services (AFS) business.

The transaction is part of MUFG Investor Services' strategy to build its business, which it is also aiming to do organically. 

The acquisition's client franchise, global footprint, and presence in Asia, are an excellent strategic fit, according to Junichi Okamoto, group head of integrated trust assets business group, deputy president, Mitsubishi UFJ Trust and Banking Corporation.

“We are confident that our clients will benefit from the depth of combined resources and capabilities and from our commitment to innovation coupled with AFS' technology platform," said Okamoto.

Ulrich Koerner, president of UBS Global Asset Management, said: "We have a sharp focus on executing our strategy, with a clear goal of delivering best-in-class investment management capabilities to our clients. 

"With this in mind, and in light of the increasing drive towards scale in fund administration, we concluded that the future development of AFS in servicing its clients would be best ensured as part of an organization with a strategic focus on asset servicing."

"MUFG's commitment to invest in the client franchise and the people, together with their strong focus on ensuring a seamless transition, were important factors in our decision-making," Koerner added.


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