MUFG Investor Services has appointed John Sergides as its permanent chief executive officer (CEO), while also making a number of senior management changes.
Sergides, who had served as a joint deputy CEO since July after Mark Porter decided to step down and take on an advisory role, will lead the fund administrator from 1 January 2019.
Hideto Shimada, who had also served as the other deputy CEO, will take on a new permanent role as chief risk officer.
“They [Sergides and Shimada] will continue to serve in this capacity and focus on MUFG’s strategic growth plan, building a strong organisation with exceptional service to clients,” MUFG Investor Services stated.
In addition, Eiji Ihori, the current interim CEO, will return to his substantive role as senior managing executive officer of Mitsubishi UFJ Trust and Banking Corporation (MUTB), and Mike McCabe will assume the role of head of sales, product and marketing globally.
“Over the last two years, Mike has made a tremendous impact on MUFG, winning several critical mandates that have helped build momentum for the organisation. His high-touch approach to addressing current and prospective client needs has helped us win the trust of our patrons and colleagues alike,” MUFG added.