MUFG Investor Services has strengthened its personnel with the addition of Ben Griffiths as its newest Managing Director and Global Head of Fund Financing. His hire represents MUFG’s continued emphasis on its fund financing business, having grown its portfolio over the past few years amidst mounting client demand.
MUFG Investor Services is the global asset-servicing arm of Mitsubishi UFJ Financial Group Inc. As a tier-one bank and one of the largest service providers in the world, the group’s fund financing segment is one of its fastest growing units. Mr. Griffiths will be based out of London, reporting to John Sergides, MUFG’s Global Head of Sales and Marketing.
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Mr. Griffiths commented: “I am delighted to join MUFG Investor Services’ Fund Financing practice and be part of a team that consistently delivers high-quality solutions to an impressive list of alternative investment management clients.”
Mr. Griffiths will help steer MUFG’s fund financing team on a global basis to service clients. This includes an emphasis on funds from hedge funds, private equity lines of subscription, and FX lines for feeder funds of hedge funds. In this sense, his diverse background will be instrumental in helping the group bolster its capabilities and premier services suite for its client base.
Mr. Griffiths joins MUFG Investor Services from Citco Financial Products (CFP). At Citco, he worked as Managing Director and CEO, exercising responsibility over lending and FX solutions for nearly twelve years. Prior to joining Citco in 2005 he was a key contributor of the fund linked product teams at Bank of America and Société Générale.
Mr. Griffiths’ hire in London comes at an interesting juncture for MUFG, which back in July publicly eyed a move of its EU trading base to Amsterdam. Despite any lingering Brexit fallout, MUFG is expected to retain a large portion of its 2,100 workforce in London, which may be relocating as few as 100 to Amsterdam.