MUFG Appoint New Global Head Of Business
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed John Sergides as Managing Director, Global Head, Business Development & Marketing.
“The appointment, which reinforces MUFG’s commitment to the asset servicing sector, is effective from 14 December 2015 and coincides with the completion of MUFG Investor Services’ acquisition of UBS Asset Management’s Alternative Fund Services [AFS] business,” the company said.
“John will be responsible for driving MUFG Investor Services’ asset servicing solutions. These include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services to new clients, as well as deepening relationships with existing clients; across the Americas, EMEA & Asia.
“Formerly the Global Head of Sales at UBS AFS, John brings a wealth of experience from a range of roles in the investment management industry. He was previously Head of Business Development and Strategy, Alternative Fund Services, at Deutsche Bank and prior to that, Executive Director of Hedge Fund Services at JP Morgan Chase.
Ken McCarney and Mark Porter, CEOs of Fund Servicing business lines under MUFG Investor Services commented on the appointment.
“John’s appointment reflects our desire to focus on the evolving needs of investment managers and extend our best-in-class asset servicing solutions globally. With his experience and expertise, John is perfectly placed to lead our business development efforts and provide clients with a comprehensive and customized solution, underpinned by our market leading technology platform,” said Mr McCarney.
“We are delighted that John’s proven track record at AFS can be further leveraged by the enlarged organization,” said Porter. “It is great to be joining an organization that has a clear commitment to a growth strategy and is prepared to make such decisions so quickly.”
Mr Sergides will report jointly to Mr McCarney and Mr Porter.
