MUFG Investor Services has adopted Broadridge’s Sentry loan tracking and reporting technology to support clients in the private debt space.
The implementation of the Broadridge Sentry Loan Portfolio Management web-based system will allow MUFG to manage all aspects of its loan administration functions and enhance service efficiencies.
“The private debt business is experiencing tremendous growth right now among middle markets and smaller firms, and we want to have a platform that caters to the needs of this thriving business,” said Treabhor Mac Eochaidh, head of debt services, MUFG Investor Services.
“By adopting Broadridge’s system, we’re tapping into the most comprehensive and flexible loan system on the market and expanding our offerings to meet the evolving needs of our clients.”
In addition to managing day-to-day loan administration, the Sentry Loan Portfolio Management system will allow MUFG’s private debt clients to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.
“The Sentry solution is designed to address front-, middle- and back-office functionality, and positions firms for the future with optimal transparency and efficiency,” explained Eric Bernstein, Broadridge’s president of Asset Management Solutions. “In working with the Sentry system, MUFG Investor Services will be better able to streamline its processes and address the current demands of private debt funds.”
MUFG Investor Services has spent the past two years bolstering its private markets and real estate business through a series of senior hires and technology partnerships.
In April, it hired Fabrice Mas as its new head of private equity & real assets (PERA) for Luxembourg from fund administration provider TMF Group.