MUFG Investor Services has made another senior appointment within its US fund services sales team, this time with a view to growth its real estate and private equity clients.
Gila Cohen has been appointed as a managing director of business development for real estate and private equity limited partner services.
She will be responsible for liaising between client services and MUFG’s product development teams, with the aim of driving growth of its fund servicing solutions and meeting the market demand for limited partner services.
Cohen joins from real estate investment firm Castle Lanterra where she was a managing partner focused on leading corporate strategy, mergers and acquisitions, and private placement efforts.
She was also head of business development and chief administrative officer for Golub Capital, a $25 billion US credit asset manager.
“Fund servicing support in these sectors is increasingly important for our clients due to the increased operational and regulatory burden on the industry,” said Michael Rucci, US president and CEO, MUFG Investor Services.
“Gila’s hire reinforces MUFG’s continued commitment to adapt to clients’ needs and develop new offerings for them as their industries and needs evolve.”
The appointment is the second recruitment for MUFG’s US investor services business this month, after bringing on Julie Jeffers-Flynn to help drive sales for its mutual fund services.
MUFG has also looked to increase its presence in the illiquid alternatives fund services space. In July last year, it hired 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, as well as hedge funds and fund of funds in the region.