The deal will see U.S. Bank take on 600 client relationships representing around $320 billion in assets under custody and administration.
The Japanese bank will implement AxiomSL's cloud-based Global Shareholding Disclosures solution for automated daily position monitoring and reporting.
Tim Smollen had spent over a decade at Deutsche Bank and was inducted into the GC Hall of Fame as a legend in 2013.
Global Custodian brings you the ultimate five-part guide on fund administrators and their primary business strategies. Part four looks at how bank-owned providers are integrating core fund administration alongside other functions and services.
Messaging system Symphony has raised more than $460 million in capital to date since it was established in 2014.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
MUFG names new head of private equity and real estate business in Luxembourg.
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.