Tokyo, June 7, 2019 – Mitsubishi UFJ Trust and Banking Corporation (“the Trust Bank”), 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 (“Point Nine”), an industry leader in outsourced operations, processing and reporting for post-trade execution.
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”.
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Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 1,800 locations in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group”
through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/english
About the Trust Bank
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. Such financial solutions include real estate, stock transfer agency, asset management and investor services, and inheritance related services, in addition to banking operations. We aim to realize our vision to be the trust bank that creates “a safe and affluent society”
and “a bright future with our customers together” by always supporting our customers’ and society’s challenges based on Trust, and thus created a new key concept: “Trust Drives Our Future”.
For more information, visit https://www.tr.mufg.jp/english
About Point Nine
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. A fully cloud based Fintech provider, Point Nine currently offers technology and managed services to more than 70 customers across the globe including Hedge Funds, Asset Managers, Brokers and Banks.