MUFG’s service provider arm has opened an operations center in Malaysia, situated in Kuala Lumpur.
The new spot offers client support both in Asia and for MUFG Investor Services’ 16 locations. The office includes fund accounting, asset services and administration.
MUFG has hired Puneet Gupta as managing director, head of Malaysia, to run the unit.
Gupta brings over two decades of operational management experience, MUFG Investor Services said in a press release. He most recently worked at Kimberly Clark as director of global business services, with APAC regional responsibility.
The Kuala Lumpur location is intended to help the MUFG division grow and preserve its business.
“The Malaysia operational center will enable the firm to expand its client base and increase operational coverage, while continuing to support current fund administration and asset servicing needs in the APAC region,” the firm said in a statement.
MUFG Investor Services has more than $785 billion in assets under administration, with clients in alternative asset classes such as private equity, private debt and venture capital. It also has almost 500 total clients, covering both private and public markets.