Ben Griffiths Appointed as Demand Grows for Lines of Subscription by Clients
MUFG Investor Services Appoints Global Head of Fund Financing Team
Prosek Partners for MUFG Investor Services
Tel: +44 20 3878 8574
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Ben Griffiths as Managing Director, Global Head of Fund Financing. He will be based in London and will report to John Sergides, Global Head of Sales and Marketing.
Mr. Griffiths will lead the fund financing team globally to service clients, including funds of hedge funds, private equity lines of subscription, and FX lines for feeder funds of hedge funds. His expertise in the field will help the firm continue to enhance its capabilities and offer premier services to clients globally.
MUFG Investor Services has a long history in the fund financing business, and has significantly expanded its portfolio over the past two years to cater to client demand. As a tier-one bank and one of the largest service providers in the world, MUFG Investor Services is uniquely positioned to service clients with partner-level pricing while demand for private equity lines of subscription has rapidly grown.
“Unpredictable market conditions have firms looking more closely at how their investor services provider can be a valuable partner through all circumstances,” said Mr. Sergides. “MUFG can offer our partner firms financing with competitive pricing, which can mean the difference between success and failure.”
Mr. Griffiths joins from Citco Financial Products (CFP), a subsidiary of Citco Group, where he was Managing Director and CEO, responsible for lending and FX solutions. Mr. Griffiths joined Citco in 2005 to help launch CFP and played an instrumental role in scaling the business. Prior to joining Citco, Mr. Griffiths was part of the fund linked product teams at both Bank of America and Société Générale.
"I am delighted to join MUFG Investor Services’ Fund Financing practice and be part of a team that consistently delivers high-quality solutions to an impressive list of alternative investment management clients,” said Mr. Griffiths. “I admire MUFG’s commitment to providing best-in-class support to clients in an area where demand is increasing rapidly. MUFG is one of the only service providers offering these lines of credit to clients, and is in a unique position with a dedicated balance sheet specifically to support clients.”
About MUFG Investor Services
MUFG Investor Services provides asset servicing solutions to clients globally. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.7 trillion in assets – we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, fund of hedge fund financing, trustee services and depository to securities lending and other banking services.
MUFG has 90 years of custody experience, 350 years of banking history and has run a global securities lending program for 20 years. MUFG currently provides administration services for over 2,400 funds across all investment strategies, asset types and fund structures. It has over $500bn in assets under administration.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the world's leading financial groups, with total assets of approximately $2.7 trillion (USD) as of March 31, 2017. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with more than 2,200 offices in nearly 50 countries. The Group has more than 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group's operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan's leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan's largest securities firms. Through close partnerships among our operating companies, the Group aims to "be the world's most trusted financial group," flexibly responding to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York (MTU) stock exchanges. Visit www.mufg.jp/english/index.html.
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