MUFG Investor Services Completes Acquisition of UBS Asset Management’s Alternative Fund Services Business

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), has completed its acquisition of UBS Asset Management’s alternative fund services (AFS) business. Ropes & Gray advised MUFG Investor Services on the deal, which is part of MUFG Investor Services’ strategy to build a global industry-leading fund administrator. The AFS acquisition raises MUFG Investor Services’ total assets under administration to $266 billion across 2,300 funds.

The deal was announced June 18 and closed on Dec. 14.

Leveraging the financial and intellectual capital of MUFG, one of the largest banks in the world with $2.4 trillion in assets, MUFG Investor Services provides asset servicing solutions including fund administration, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

The Ropes & Gray team was led by private equity partner Neill Jakobe (Chicago) and included tax partner Elaine Murphy (Boston); investment management partner Mark Nuccio (Boston); business & securities litigation partner William Sussman (New York); government enforcement partner Michael McGovern (New York); intellectual property transactions counsel Thomas Burke (New York); and private equity associate James Davis (Chicago).