MUFG Investor Services partners with Point Nine 02 March 2018New York Reporter: Jenna Lomax
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Mitsubishi UFJ Financial Group (MUFG) Investor Services has partnered with Point Nine Limited.
The partnership will see Point Nine’s middle office platform, Circle, become available to MUFG Investor Services’ clients to enhance MUFG’s existing business process outsourcing (BPO) technology offering.
According to MUFG, the partnership aims to relieve some of the operational burden for managers brought about by the second Markets in Financial Instruments Directive, as well as additional requirements for asset managers to handle more data.
John Sergides, global head of sales at MUFG Investor Services, said: “As our clients navigate new regulations and respond to technological trends, they’re increasingly relying on trustworthy partners that prioritise efficiency without sacrificing intelligence and oversight.”
He added: “Our partnership with Point Nine will bolster our BPO capabilities as its platform offers complete transparency into the operational domain. This enhanced service will provide our clients with the insights and support needed in an increasingly competitive landscape.”
Pavlos Christoforou, partner and co-founder of Point Nine, commented: “As MUFG Investor Services’ clients grapple with their transactions processes, our tested proprietary technology platform will help strengthen their operational setup, isolating them from the impact of new regulations and leveraging operational efficiencies across the board.”
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