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 custody 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
J.P. Morgan buys office space in Dublin
16 May 2017 | Dublin | Reporter: Mark Dugdale
Capable of accommodating 1,000 staff, it will give the bank flexibility across the EU as the UK prepares to leave
Athene and MUFG team up for middle and back office
16 May 2017 | New York | Reporter: Mark Dugdale
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
French pension fund CNAVPL mandates Societe Generale for custody
11 May 2017 | Paris | Reporter: Mark Dugdale
Caisse Nationale d’Assurance Vieillesse des Professions Libérales, the French national pension fund for self-employed professionals, has appointed Societe Generale Securities Services to provide custody services for its funds
Northern Trust lands £6.7 billion Northern Irish pension mandate
27 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has been appointed to provide global custody and a range of other services for £6.7 billion in pension fund assets belonging to the Northern Ireland Local Government Officers’ Superannuation Committee
BNP Paribas aims for €2 billion+ revenue
25 April 2017 | Paris | Reporter: Mark Dugdale
The French custody bank revealed the aim as part of its recent investor day, with a list of expanded service offerings proposed
BNP Paribas Securities Services wins $3.2 billion US mandate
10 April 2017 | London | Reporter: Stephanie Palmer
Raiffeisen Bank International has selected BNP Paribas Securities Services as local custodian for its $3.2 billion US domestic portfolio
Thélem trims custody counterparties
23 March 2017 | Paris | Reporter: Mark Dugdale
Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien
More custody news