MUFG Investor Services has partnered with Point Nine Limited, a specialist in outsourced operations, processing and reporting for post-trade execution.
Point Nine’s middle office platform, Circle, will be available to MUFG Investor Services’ clients enhancing the firm’s existing Business Process Outsourcing (BPO) technology offering.
In light of increased regulations, such as MiFID II, and additional requirements for asset managers to handle more data, this partnership between MUFG Investor Services and Point Nine aims to relieve some of the operational burden for managers.
“As our clients navigate new regulations and respond to technological trends, they’re increasingly relying on trustworthy partners that prioritise efficiency without sacrificing intelligence and oversight,” says John Sergides, Global Head of Sales at MUFG Investor Services. “Our partnership with Point Nine will bolster our BPO capabilities as its platform offers complete transparency into the operational domain. This enhanced service will provide our clients with the insights and support needed in an increasingly competitive landscape.”
MUFG Investor Services’ partnership with Point Nine demonstrates the firm’s ongoing commitment to innovating its products and technology to meet evolving client needs. Demand for BPO continues to climb at MUFG Investor Services, which currently services over USD100 billion in assets globally for firms outsourcing operations, freeing up in house resources, and looking to leverage MUFG’s expertise.
“As MUFG Investor Services’ clients grapple with their transactions processes, our tested proprietary technology platform will help strengthen their operational setup, isolating them from the impact of new regulations and leveraging operational efficiencies across the board,” says Pavlos Christoforou, Partner and Co-Founder of Point Nine. “We are honoured to have been selected by MUFG Investor Services as a business process outsourcing partner and excited by the opportunity to deploy our cloud based platform for their clients globally.”