TOKYO: Mitsubishi UFJ Trust and Banking Corporation, a consolidated subsidiary of Mitsubishi UFJ Financial Group (MUFG), announced today that it has entered into a Share Purchase Agreement to acquire Point Nine Limited, an industry leader in outsourced operations, processing and reporting for post-trade execution.
[the_ad id=”31605″]The Asset Management & Investor Services Divisions of the Trust Bank, aim to become an “unparalleled industry leader in Japan as well as a global player boasting significant presence overseas”.
In order to achieve this goal, MUFG has been pursuing growth, centered around the Trust Bank, through inorganic investment, as well as enhancing its investor services capabilities and competitiveness.
This transaction will enhance the Trust Banks services and presence as the largest investor service company in the Asia/Oceania region. Point Nine, headquartered in Cyprus, offers clients outsourced operations, processing and reporting for post-trade execution. MUFG, together with Point Nine, strive to deliver efficiency, speed and organization to clients’ complex technology and data needs. The company name after this acquisition is “MUFG Investor Services FinTech Limited”.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups headquartered in Tokyo.
Mitsubishi UFJ Trust and Banking Corporation, as a core member of MUFG, provides its customers with a wide range of comprehensive financial solutions leveraging unique and highly professional functions as a leading trust bank.
Point Nine is an industry leader in post-trade processing and regulatory reporting. Founded in 2002, Point Nine partners with both buy side and sell side firms to help them address the ever-expanding challenges of post-trade processing and regulatory reporting.