MUFG bolsters senior team

MUFG Investor Services has appointed John Sergides and Hideto Shimada as co-CEOs.

John Sergides and Hideto Shimada will both begin their new roles on 1 January 2019.

Eiji Ihori, the current interim CEO, will return to his role as senior managing executive officer, Mitsubishi UFJ Trust and Banking Corporation.

Over the previous six months, Sergides and Shimada have been operating as deputy CEOs and leading the day to day running of the business.

From January, Mike McCabe will assume the role of head of sales, product and marketing globally after serving as the interim lead over the last six months.

MUFG added: “[Sergides and Shimada] will continue to serve in this capacity and focus on MUFG’s strategic growth plan, building a strong organisation with exceptional service to clients.”

MUFG said: “Over the last two years, Mike McCabe has made a tremendous impact on MUFG, winning several critical mandates that have helped build momentum for the organisation.”

They added: “His high-touch approach to addressing current and prospective client needs has helped us win the trust of our patrons and colleagues alike.”