MUFG Investor Services has named Fabrice Mas as head of private equity and real assets for its Luxembourg office. Previously, Mas worked at an unnamed investment manager where he was head of fund administration and shareholder services in Luxembourg.
New York, April 27, 2020 – MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), has announced the appointment of Fabrice Mas as Head of Private Equity & Real Assets (PERA) Luxembourg as part of the firm’s strategy to continue to drive growth and expand operations into new markets. Mr. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, Global Head of Hedge Funds and PERA.
In his new role, Mr. Mas will establish the oversight model and manage the continued expansion of the firm’s PERA operations in Luxembourg. MUFG Investor Services’ offerings in Luxembourg include proprietary tools for private debt and PERA asset classes that complement the firm’s core technology systems to support General Partners and Limited Partners.
The appointment of Mr. Mas and the expansion in Luxembourg is the latest in a series of recent hires and acquisitions made by MUFG Investor Services, as the firm continues to identify opportunities to expand its global capabilities. MUFG Investor Services selected Luxembourg as a region for expansion due to recent growth of alternative investment funds in the country. Since 2018, the size of private equity funds in Luxembourg has increased by approximately 50%, accounting for 4.3% of the global total.
“Despite uncertainty in the global markets, we are continuing to invest in new regions and ways to improve our client offerings. We see the pronounced growth of alternative investment funds in Luxembourg as a clear opportunity to continue growing our global footprint” said Michael McCabe, Global Head of Business Development, Product and Marketing at MUFG Investor Services. “We are thrilled to have someone with Fabrice’s depth of knowledge and experience join our team as we continue to invest in our PERA offering.”
Mr. Mas comes to MUFG Investor Services from a top tier investment manager, where he was head of fund administration and shareholder services in Luxembourg. Prior to this, Mr. Mas was an audit manager for a Big Four audit firm in Luxembourg.
“I am very excited to join MUFG Investor Services and contribute to the development of a leading global PERA fund administration service,” said Mr. Mas. “In addition to our clients in the region, I also look forward to working with our North American clients as they continue to launch new Luxembourg funds, helping them take advantage of MUFG’s global operating model and serving as a strong, transparent and reliable partner in these increasingly uncertain markets.”
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 2,200 funds across all investment strategies, asset types and fund structures. It has over $635bn in assets under administration. www.mufg-investorservices.com