MUFG Investor Services is to expand its banking solutions to meet growing demands for payment and cash management services from its global clients.
The expanded offerings include foreign exchange payments, wire transfers and local automated clearing house (ACH) payments, catering to financial institutions, regional banks and fund administrators.
The bank, a prominent player in asset servicing and fund financing for the alternative investment management industry, also announced that Adil Rehman had been appointed as the managing director, global head of payments and liquidity, to oversee the development of these services.
Adil Rehman brings 18 years of experience in transactional banking and foreign exchange services. Previously he was international head of transaction Bbanking at Goldman Sachs, where he was responsible for the global expansion of the Transaction Bank.
John Sergides, CEO of MUFG Investor Services, said: “The expansion of our banking services is a testament to MUFG Investor Services’ commitment to creating synergistic opportunities to unlock exceptional value for our clients.
“We are pleased to welcome Adil, a seasoned banking expert with deep knowledge in transaction banking, payments and currency overlay, as he builds our banking ecosystem for clients.”
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