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MUFG Investor Services has completed the acquisition of UBS Asset Management's Alternative Fund Services business.
MUFG Investor Services is the asset servicing group of one of the largest banks in the world: Tokyo-based Mitsubishi UFJ Financial Group (MUFG).
The acquisition includes the UBS Alternative Fund Services Jersey team, comprising 29 fund administration specialists, including 16 qualified accountants.
Commenting on the deal, Jerry Daly, Executive Director, Fund Services Jersey, said" "MUFG is one of the largest banks in the world with $2.4 trillion in assets.
"This deal is excellent news for our clients, staff and for the financial services industry in Jersey.
"It will enable us to continue to enhance our market leading solutions and expand the services we can offer."
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