MUFG complete Meridian acquisition 30 May 2014Bermuda Reporter: Stephen Durham
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Global asset administrator Mitsubishi UFJ Fund Services has completed its acquisition of Meridian Fund Services Group, which closed on 27 May 2014.
The deal was completed as part of the ongoing growth strategy of Mitsubishi UFJ Fund Services, part of Mitsubishi UFJ Financial Group (MUFG).
The Meridian acquisition raises MUFG’s fund services assets under administration to approximately $165 billion, servicing over 300 clients and 1000 funds globally.
Mitsubishi UFJ Fund Services provides a wide range of fund administration and investor services to hedge funds, fund of funds, private equity and real estate funds, mutual funds and family offices.
Tim Calveley, deputy CEO of Mitsubishi UFJ Fund Services, said: “Meridian is an important addition to our business as we continue to expand, both organically and through acquisitions.”
“We will continue to develop the range of services we offer to the global investment industry and, with the backing of the fifth largest bank in the world by assets, are perfectly placed to offer the complex solutions that clients require in a challenging regulatory landscape.”
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