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
Merrill Lynch first to fall foul of UK’s EMIR reporting rules
23 October 2017 | London | Reporter: Drew Nicol
The bank accepted a £34.52 million penalty relating to 68.5 million unreported transactions between February 2014 and February 2016
Wolters Kluwer chosen for risk and reg by Polish bank
23 October 2017 | Warsaw | Reporter: Theo Andrew
Bank BPS will use the OneSumX solutions for static and dynamic projection analysis, liquidity reporting, interest-rate and foreign-exchange risk, as well as value-at-risk analysis
Iberclear bank on Citi to provide global custody
20 October 2017 | Madrid | Reporter: Jenna Lomax
The agreement, signed at this years Sibos conference in Toronto, will enable Spanish clearing houses to settle international securities via local CSDs
Clearstream promises post-Brexit services continuity
20 October 2017 | London | Reporter: Jenna Lomax
Despite the uncertainty that came after the referendum results last year, Clearstream said its main objective through Brexit was to minimise risk of cross-border settlement
AI will be transformative, but is still in early stages
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Artificial intelligence is a “transformational technology” that will improve productivity and security, and provide a competitive advantage, according to a live poll at Sibos 2017
Security and standards key in blockchain solutions
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Distributed ledger technology (DLT) solutions should embed security measures at their very core, especially in the financial services space, according to Sibos panellists
LCH promotes Daniel Maguire to CEO
19 October 2017 | London | Reporter: Jenna Lomax
Maguire, who has been COO of the same department since April this year, was previously senior vice president for commodity exotics and hybrids at J.P. Morgan
More news