MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), has hired Fabrice Mas as head of private equity and real assets (PERA) Luxembourg.
Based in MUFG’s Luxembourg office, Mas will report to David Rochford, global head of hedge funds and PERA.
In his new role, Mas will establish the oversight model and manage the continued expansion of the firm’s PERA operations in Luxembourg.
MUFG Investor Services’ offerings in Luxembourg includes proprietary tools for private debt and PERA asset classes that complement the firm’s core technology systems to support general partners and limited partners.
Mas joins MUFG Investor Services from TMF Group where he was head of fund administration and shareholder services in Luxembourg.
Mas’ appointment at MUFG comes as part of the firm’s strategy to continue to drive growth and expand operations into new markets.
The firm selected Luxembourg as a region for expansion due to the recent growth of alternative investment funds in the country.
According to MUFG Investor Services, since 2018, the size of private equity funds in Luxembourg has increased by approximately 50 percent, accounting for 4.3 percent of the global total.
The appointment coupled with the expansion in Luxembourg also marks the latest in a series of
recent hires and acquisitions made by MUFG Investor Services, as the firm continues to identify opportunities to expand its global capabilities.
Michael McCabe, global head of business development, product and marketing at MUFG investor services, noted: “Despite uncertainty in the global markets, we are continuing to invest in new regions and ways to improve our client offerings. We see the pronounced growth of alternative investment funds in Luxembourg as a clear opportunity to continue growing our global footprint.”
He continued: “We are thrilled to have someone with Mas’ depth of knowledge and experience join our team as we continue to invest in our PERA offering.”
Commenting on his appointment, Mas said: “I am very excited to join MUFG Investor Services and contribute to the development of a leading global PERA fund administration service.”
“In addition to our clients in the region, I also look forward to working with our North American clients as they continue to launch new Luxembourg funds, helping them take advantage of MUFG’s global operating model and serving as a strong, transparent and reliable partner in these increasingly uncertain markets,” Mas added.
