NEW YORK--(BUSINESS WIRE)--MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has announced two new senior hires as part of the expansion of its FX services offering. Dr. Hans Jacob Feder joined as a Managing Director and Global Head of FX Services and Alberto (“Al”) Baptiste joined as Executive Director and Head of FX Sales. This expansion demonstrates the firm’s continued commitment to delivering cutting edge FX solutions to its clients.
With these hires, MUFG Investor Services will expand its capabilities in providing comprehensive FX hedging solutions, such as its market leading FX Overlay product, as well as enhanced FX services around custody, translation hedging and payment conversions. MUFG Investor Services’ FX Overlay product provides fully integrated hedging to take on all aspects of FX administration, including hedge initiation, hedge roll calculation, execution, tolerance level monitoring, subscription and redemption re-balancing and reporting.
Dr. Feder will be based in MUFG’s London office and will report to John Sergides, CEO of MUFG Investor Services. He joins MUFG Investor Services from J.P. Morgan Securities, where his most recent role was Managing Director and Head of FX Services Execution. Prior to joining J.P. Morgan, he served as Managing Director at Deutsche Bank where he led the development of their passive currency overlay product and was the global head of FX Trading for Deutsche Asset & Wealth Management. Prior to joining Deutsche Bank, Dr. Feder spent 5 years at Goldman Sachs International.
Al will be based in New York and report to Michael McCabe, Managing Director and Global Head of Business Development for Product and Marketing. He comes to MUFG from Bank of New York Mellon, where he ran the bank’s FX overlay sales function for 11 years.
“We are keenly focused on bolstering our FX offering this year, as we have seen a significant increase in demand from asset managers for support in this space. Both Hans and Al are familiar with building FX services and bring more than 50 years of combined experience to our team,” said John Sergides, CEO of MUFG Investor Services. “With their expertise on board, we will continue to elevate our offerings and expand our services to meet the evolving needs of our clients in currency overlay.”
These appointments are the latest in a series of strategic hires made by MUFG Investor Services in recent months, as the company continues to bolster its technology and client offerings. In January 2020, the company announced the expansion of its securities lending practice with the appointment of Tim Smollen as Global Head of Global Securities Lending Solutions along with an additional eight hires.
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 $2.8 trillion in assets – it provides 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 Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures. It has over $600bn in assets under administration.
www.mufg-investorservices.com