MUFG Fund Services appoints new COO

MUFG Fund Services has appointed Tim Thornton as COO.


The appointment follows the promotion of previous COO Ken McCarney to CEO in March.


Thornton will be responsible for strengthening the operational and client focus within the MUFG Fund Services executive team, enabling McCarney to concentrate on leading the strategic growth of the business.


Working from the MUFG Fund Services London, New York, Dublin and Ontario offices, a key element of Thornton’s new role will include identifying and mentoring the next layer of management to ensure the long-term success of the business.



Prior to his new role, Thornton held a number of leadership positions over more than 15 years with the firm and will retain his current responsibilities as its chief data officer.



His previous experience will help expand the firm’s technology-focused and data-driven approach to fund administration.



McCarney commented: “Thornton’s appointment reflects our focus on innovative, data driven fund administration, which is the future of the industry.”



“He brings with him a wealth of knowledge, and his blend of industry and client experience make him the perfect candidate to drive our operational development.”