MUFG snaps up former BNY Mellon exec

MUFG investor services has appointed former BNY Mellon managing director Michael McCabe as sales director.

McCabe joins MUFG, the global asset servicing arms of Mitsubishi UFJ Financial Group, following 10 years leading BNY Mellon’s business development team in North America.

Prior to joining BNY Mellon, McCabe also had a six-year spell as vice president of gulf coast and mid-continent trading at NUI.

McCabe will take specific responsibility for MUFG services across hedge funds, fund of funds, private equity and real estate funds.

Based in New York, McCabe will report directly to John Sergides, MUFG’s global head of business development and marketing.

“With his wealth of experience and extensive knowledge of the alternative investment industry, Michael will be a key asset in driving the business forward and supporting our organic growth strategy,” said Sergides.
McCabe himself said: “This is an exciting time in MUFG Investor Services’ development and I look forward to contributing to its future growth and strengthening its leading position in the market.”