MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Michael McCabe as Sales Director.

McCabe joins from BNY Mellon’s Alternative Investment Services business where he spent more than 10 years leading the North American business development team, following senior roles in operations and relationship management. 

With more than 30 years’ experience in the alternative investment industry, McCabe will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services. He will report to John Sergides, Managing Director, Global Head of Business Development & Marketing, in New York. 

Prior to joining BNY Mellon, McCabe was President of Pennington Capital Management between 2003 and 2005. He previously spent over 20 years as a commodities trading advisor with NUI, Commodities Corporation and Tricon USA.

John Sergides says: “Michael’s appointment reflects our long-standing commitment to providing best in-class asset servicing solutions for our clients.  With his wealth of experience and extensive knowledge of the alternative investment industry, Michael will be a key asset in driving the business forward and supporting our organic growth strategy.”

McCabe says: "This is an exciting time in MUFG Investor Services’ development and I look forward to contributing to its future growth and strengthening its leading position in the market.”