MUFG Investor Services has opened a new operational centre in Limassol, Cyprus, to drive growth across Europe.
“We are thrilled to announce the opening of our new operational centre in Cyprus, an area rapidly developing into a financial service and business hub in the region. This operational centre will allow us to continue to provide clients with the services and distinctive solutions they’ve come to expect from our team as we maintain our rapid growth trajectory,” said John Sergides, CEO of MUFG Investor Services.
“As MUFG Investor Services’ second major European hub working alongside Dublin, the office will provide diversification and further enhance our ability to support our clients in Europe and around the world.”
MUFG Investor Services has invested heavily in its team in recent months, hiring a 20-strong contingent of securities lending staff from Deutsche Bank since Tim Smollen joined the business as global head of securities lending solutions at the start of 2020.
Since 2019, MUFG Investor Services has also been regularly reviewing its geographic footprint. This new operational centre in Cyprus was chosen as MUFG Investor Services believes it will enable the firm to spread its operational coverage and support current fund administration needs.