MUFG Investor Services Establishes Partnership With Point Nine
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced an exclusive partnership with Point Nine Limited, an industry leader in outsourced operations, processing and reporting for post-trade execution. Point Nine’s middle office platform, Circle, built in Python architecture, will also be available to MUFG Investor Services’ clients and enhance the firm’s existing Business Process Outsourcing (“BPO”) technology offering.
In light of increased regulations, such as MiFID II, and additional requirements for asset managers to handle more data, this partnership between MUFG Investor Services and Point Nine aims to relieve some of the operational burden for managers.
“As our clients navigate new regulations and respond to technological trends, they’re increasingly relying on trustworthy partners that prioritize efficiency without sacrificing intelligence and oversight,” said John Sergides, Global Head of Sales at MUFG Investor Services. “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.”
MUFG Investor Services’ partnership with Point Nine, which has been heavily involved in the Python community, demonstrates the firm’s ongoing commitment to innovating its products and technology to meet evolving client needs. Demand for BPO continues to climb at MUFG Investor Services, which currently services over $100 billion in assets globally for firms outsourcing operations, freeing up in house resources, and looking to leverage MUFG’s expertise.
“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,” said Pavlos Christoforou, Partner and Co-Founder of Point Nine. “We are honored to have been selected by MUFG Investor Services as a business process outsourcing partner and excited by the opportunity to deploy our cloud based platform for their clients globally.”