MUFG Investor Services has reportedly hired Citco’s head of sales for EMEA in a similar role, who will join in the summer.
Middle-office services has been identified as a key growth target by custodians.
MUFG Investor Services has made a string of hirings from the prime brokerage and hedge fund industry over the last year.
A number of asset servicing banks have gone public with their post-Brexit plans to ensure they are able to service EU based customers.
MUFG to provide outsourcing for certain middle and back office operations at Athene Asset Management.
MUFG will now be able to offer a complete service offering to investment managers.
Marc Russell-Jones was formerly at State Street and JP Morgan.
MUFG Investor Services has named BlackRock’s managing director for global fund services as its global head of client relationship management.