Mitsubishi UFJ Acquires Meridian Fund Services
Japanese firm Mitsubishi UFJ Trust and Banking Corporation [MUFG] has acquired Bermuda-based fund administrator Meridian Fund Services.
The acquisition of Meridian raises MUFG’s fund services AuA to approximately $165bn, servicing over 300 clients and 1,000 funds.
“The deal is part of a wider growth strategy to build Mitsubishi UFJ Fund Services into a leader in the global investment services industry, both organically and through acquisitions,” the company said.
Tim Calveley, deputy CEO, Mitsubishi UFJ Fund Services, says, “The acquisition is a clear indication of our strategy and commitment of growing as a premier fund administrator servicing the global investment industry.
Tom Davis, chairman of Meridian Holdings Limited, says, “We’re excited to be joining the Mitsubishi UFJ Fund Services team. We know them well and share the same passion for client service.”
