The Mitsubishi UFJ Trust and Banking Corporation (MUFG) has welcomed Laksh Vaswani as senior vice president and global head of trust operations.
Based in New York, Vaswani will spearhead strategic business initiatives to aid the growth of the firm’s global securities lending solutions and US custody businesses.
He joins the firm from consulting group Program Management Professionals, where he acted as executive director of governance, risk, compliance, risk and control self assessments, internal controls and remediation.
Previously, Vaswani held a number of senior positions during his nine-year term with BNY Mellon, where he was most recently senior programme manager of operations, recovery resolution planning, governance, risk and compliance.
During his time in the financial services industry, Vaswani has also held positions at Morgan Stanley, Thomson Reuters and the New York Stock Exchange.
Commenting on the appointment, head of the trust business at MUTB Akira Iwamoto says: “We are pleased to welcome Laksh to the trust business. This hire is part of our overall strategy to selectively bring in experienced professionals who can hit the ground running by focusing on strategic client initiatives.
“Our goal is to continue to evolve and build out our securities lending and custody platforms and business models, to be able to adapt quickly to changes in markets, regulations and client needs.”
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