Key Takeaways
- • MUFG Investor Services has appointed McAllister (Mac) Kirschner as Chief Executive Officer, effective immediately, according to a Business Wire announcement.
- • John Sergides has stepped down as CEO for health-related reasons.
- • Kirschner has been the firm's Chief Operating Officer since 2018, overseeing business and banking operations across public and private markets.
- • MUFG Investor Services reports approximately $1.29 trillion in assets under administration and operates from 16 locations worldwide.
Summary
MUFG Investor Services announced the appointment of McAllister (Mac) Kirschner as Chief Executive Officer, effective immediately, according to a Business Wire release datelined Tokyo and New York. The firm said John Sergides has stepped down as CEO for health-related reasons.
Kirschner has served as Chief Operating Officer since 2018, overseeing business and banking operations across public and private markets. He joined MUFG Investor Services in 2016 and previously served as Global Head of Relationship Management, giving him knowledge of the business, its clients and its operations. Before joining MUFG, he was a Managing Director in BlackRock's Global Fund Services business, where he led teams responsible for shareholder servicing, fund administration and trade operations supporting BlackRock's alternative investments business. Earlier, he led the Investor Relations team at Quellos Group, LLC, whose private funds business was subsequently acquired by BlackRock.
The company said it has approximately $1.29 trillion in assets under administration and is a global leader in asset servicing for alternative investment managers. It offers fund administration, business process outsourcing, banking, fund financing, foreign exchange overlay, corporate and regulatory services, custody and depositary solutions, and business consulting. According to the release, MUFG remains committed to its long-term growth, and under Kirschner the firm will continue to strengthen its capabilities and expand its solutions for clients.
MUFG Investor Services is part of Mitsubishi UFJ Trust and Banking Corporation (MUTB), a subsidiary of Mitsubishi UFJ Financial Group (MUFG), which the release describes as one of the world's largest financial groups with approximately $3 trillion in assets.
Kirschner has served as Chief Operating Officer since 2018, overseeing business and banking operations across public and private markets. He joined MUFG Investor Services in 2016 and previously served as Global Head of Relationship Management, giving him knowledge of the business, its clients and its operations. Before joining MUFG, he was a Managing Director in BlackRock's Global Fund Services business, where he led teams responsible for shareholder servicing, fund administration and trade operations supporting BlackRock's alternative investments business. Earlier, he led the Investor Relations team at Quellos Group, LLC, whose private funds business was subsequently acquired by BlackRock.
The company said it has approximately $1.29 trillion in assets under administration and is a global leader in asset servicing for alternative investment managers. It offers fund administration, business process outsourcing, banking, fund financing, foreign exchange overlay, corporate and regulatory services, custody and depositary solutions, and business consulting. According to the release, MUFG remains committed to its long-term growth, and under Kirschner the firm will continue to strengthen its capabilities and expand its solutions for clients.
MUFG Investor Services is part of Mitsubishi UFJ Trust and Banking Corporation (MUTB), a subsidiary of Mitsubishi UFJ Financial Group (MUFG), which the release describes as one of the world's largest financial groups with approximately $3 trillion in assets.
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