New York
16 May 2017
Reporter: Mark Dugdale
Athene and MUFG team up for middle and back office
Athene Asset Management has selected MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, to provide business process outsourcing for certain middle- and back-office operations.

MUFG Investor Services will provide business outsourcing solutions and staff augmentation to support Athene Asset Management’s growth. The Los Angeles-based investment adviser currently manages more than $66 billion in assets.

Troy Spencer, executive vice president of business operations and compliance at Athene Asset Management, said: “We have been impressed by MUFG Investor Services's flexibility in providing outsourced services specifically suited to our operating needs and unique business control processes.”

John Sergides, global head of sales at MUFG Investor Services, added: “Our relationship with Athene Asset Management and the manner in which we provide their business process outsourcing is representative of our overall strategy, which is to offer onsite and remote solutions specifically tailored for each client across the widest spectrum of services and with the highest quality of people and technology.”

MUFG Investor Services, with more than $485 billion in assets under administration, provides administration services for more than 2,400 funds across all investment strategies, asset types and fund structures. It has also run a securities lending programme for 20 years.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
More news