MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Oliver Scully as Head of EMEA Sales and David Sarfas as Global Head of Private Equity.
They will be based in London and report to Mike McCabe, Managing Director, Global Head of Business Development, and John Sergides, Deputy Chief Executive Officer, respectively.
Scully will be responsible for driving the growth of MUFG’s asset servicing solutions across private equity and real estate, as well as hedge funds and fund of funds, in the EMEA region to fully meet clients’ evolving needs. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, foreign exchange and wider banking services.
Scully joins MUFG from Citco Fund Services, a subsidiary of Citco Group, where he was a Managing Director responsible for sales and marketing, within EMEA. During the 14 years that he spent at Citco, he fostered relationships with many of the largest alternative asset management businesses in Europe and helped establish the firm’s footprint in the alternative investment industry.
“David and I are honoured to join MUFG Investor Services and be part of an ambitious and growing team,” says Oliver. “MUFG has one of the industry’s best reputations for delivering a broad range of compelling solutions to some of the world’s premier alternative investment management firms. We have followed MUFG IS’ growth with interest over the years and look forward to helping strengthen the firm’s service offering and client relationships.”
Sarfas will be responsible for driving the growth of our market share of the Private Equity and Real Asset business. Sarfas was previously Managing Director, Head of Private Equity and Real Estate Europe at Citco Group where he was responsible for developing the Private Equity and Real Estate offering including driving strategy and determining market approach He has over 25 years of experience working with private equity and real estate clients and has managed transactions, due diligence assignments and administration services for some of Europe’s largest private equity and real asset funds. Prior to joining Citco in 2014, he played an integral role in serving alternative asset managers at both Houlihan Lokey, an independent global investment bank, and EY.
Scully’s and Sarfas; appointments reinforce MUFG’s commitment to growing its Investor Services business. MUFG has invested heavily in these sectors in recent years, most notably appointing Ben Griffiths as Managing Director, Global Head of Fund Financing, in October 2017.
“Oliver and David are dynamic additions to the team, bringing deep expertise in fund administration and transaction services, as well as in strategic development and finding solutions to suit clients’ needs,” says John Sergides, Deputy Chief Executive Officer. “Their expertise will allow MUFG to strengthen its partnership with clients and help them meet changing regulatory requirements, increasing demands of investors, and needed operational efficiencies for the rapidly evolving alternative investment industry.”