MUFG appoints new chief strategy officer 29 January 2019London Reporter: Jenna Lomax
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MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel McNamara as chief strategy officer.
Based in London, McNamara will report to John Sergides, CEO of MUFG Investor Services.
McNamara will support and shape MUFG Investor Services' long-term growth plan.
McNamara will be responsible for the six lines of business within MUFG Investor Services, focusing on the use of capital and resources across these business lines, overseeing the delivery of new client solutions, and developing a set of standards and best practices regarding products and services.
McNamara brings 20 years of experience in securities services, fund administration and commercial and investment banking.
He joins from Deutsche Bank AG, where he held several positions over the last nine years.
Most recently, he was digital business development officer and general manager for Deutsche Bank's payments business and was responsible for leading the development, implementation and commercialisation of financial technology opportunities for that business within the global transaction banking division.
Commenting on his new role, McNamara said: "MUFG Investor Services is an organisation that I have admired for a long time and share many values with. The company has an established reputation for producing best-in-class products and providing a range of solutions to help meet the needs of its clients.”
He added: “I look forward to working with the global team to execute the new strategies and support the continued transformation and growth of the business."
Sergides commented: "We are very pleased that Daniel McNamara has decided to join MUFG Investor Services given his decades of experience developing and executing new strategies in the custody and investor services spaces.”
He added: "McNamara’s appointment reflects our commitment to developing new solutions to improve MUFG's platforms and help our clients remain both competitive and efficient when faced with the increasingly challenging business conditions."
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