MUFG has looked to increase its presence in the illiquid alternatives fund services space, after it hired two senior private equity fund services executives last year.
MUFG Investor Services entered the US mutual fund scene in 2016 after it acquired Guggenheim Investment’s 40 Act mutual fund administration business.
The appointment is the latest for MUFG’s sales team following a senior managerial reshuffle.
Sergides served as a joint deputy CEO since July after Mark Porter decided to step down and take on an advisory role.
Private equity managers are increasingly turning to administrators and their ability to introduce new technologies to deal with mounting operational requirements.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
Mark Porter ends his three-year spell as CEO of MUFG Investor Services, three years after he joined from UBS Asset Management.
MUFG Investor Services has reportedly hired Citco’s head of sales for EMEA in a similar role, who will join in the summer.