MUFG Investor Services, a leading company dealing in administration, asset servicing, banking and fund financing, announced on Thursday the opening of a new operational centre in Limassol.

The company, which acts as the global asset servicing arm of Mitsubishi UFJ Financial Group, said that the new office will provide the key infrastructure necessary to support MUFG Investor Services’ rapid growth across Europe.

“We are thrilled to announce the opening of our new operational centre in Cyprus, an area rapidly developing into a financial service and business hub in the region. This operational centre will allow us to continue to provide clients with the services and distinctive solutions they’ve come to expect from our team as we maintain our rapid growth trajectory,” CEO of MUFG Investor Services John Sergides said.

“As MUFG Investor Services’ second major European hub working alongside Dublin, the office will provide diversification and further enhance our ability to support our clients in Europe and around the world,” Sergides added.

The company explained that since 2019, it has been regularly reviewing its geographic footprint with a focus on strategically locating operational centres where there is high-quality infrastructure and readily available talent pools.

Moreover, the new operational centre in Limassol will allow MUFG Investor Services to spread its operational coverage and support current fund administration needs.