MUFG hires new head of private equity and real assets division in Luxembourg 

Securities services provider adds new lead for rapidly-growing private markets segment. 

By Jonathan Watkins

MUFG Investor Services has hired a new head of private equity & real assets (PERA) for Luxembourg from fund administration provider TMF Group. 

Fabrice Mas joins MUFG after over a decade at TMF Group and will join the division focused on the rapidly-growing market segment. 

Mas replaces Bruno Bagnouls who was appointed only last March, however according to Bagnouls LinkedIn profile, left the firm after just four months. 

Mas will be charged with establishing an oversight model and managing the continued expansion of the firm’s PERA operations in Luxembourg. 

According to MUFG,the size of private equity funds in Luxembourg has increased by approximately 50% since 2018, accounting for 4.3% of the global total. 

MUFG Investor Services’ offerings in Luxembourg include proprietary tools for private debt and PERA asset classes. 

Mas will be based in MUFG’s Luxembourg office and report to David Rochford, global head of hedge funds and PERA. 

“Despite uncertainty in the global markets, we are continuing to invest in new regions and ways to improve our client offerings. We see the pronounced growth of alternative investment funds in Luxembourg as a clear opportunity to continue growing our global footprint” said Michael McCabe, global head of business development, product and marketing at MUFG Investor Services.  

“We are thrilled to have someone with Fabrice’s depth of knowledge and experience join our team as we continue to invest in our PERA offering.” 

Mas’ appointment comes following a year of personnel additions throughout the investor services arm of Mitsubishi UFJ Financial Group. 

Under the guidance of CEO, John Sergides, MUFG Investor Services has been bolstering its PERA offering globally and last year hired Gila Cohen as a managing director of business development for real estate and private equity limited partner services in the US. 

 Meanwhile in July 2018 the firm named alternatives-veteran David Sarfas as global head of private equity, and Oliver Scully as head of EMEA sales, focusing on private equity and real estate.