Acquisition Of Butterfield Fulcrum Completed
Mitsubishi UFJ Trust and Banking Corporation [MUTB] confirmed that its acquisition of Butterfield Fulcrum Group [BFG] was completed on September 20, 2013.
“Our acquisition of BFG is a strategic move into the alternative fund administration business. We will be expanding our reach and breadth of services rapidly. Clients can look forward to the addition of numerous new services including banking, custody, trust, foreign exchange and securities lending,” said Mr. Tasuo Wakabayashi, President of Mitsubishi UFJ Trust & Banking Corporation.
“We will grow from strength to strength within the MUTB family. The additional services we will be offering will allow us to continue our focus on excellent client service, expanded functionality and cutting edge technology,” said Glenn Henderson, now the CEO of Mitsubishi UFJ Fund Services.
To celebrate the completion of the acquisition and the official rebranding a ceremony was held in Bermuda on October 9th with senior executives of both companies.
