MUFG expands PE and Real Assets team

Stewart's responsibilities include driving the sales and growth of MUFG's asset services to investors and managers across the private equity and real asset sectors in EMEA.

Stewart will also be in charge of promoting the uptake of the firm's suite of products, including fund administration, outsourcing, custody, depositary, trustee, and fund-of-funds financing, alongside other banking and treasury services.

He will report to head of EMEA sales Oliver Scully.

Stewart joins from Citco Group, where he served as an executive vice-president until December 2018. His responsibilities at Citco Group will be assumed by Niall Fagan, senior executive vice-president and head of business development, and by Sam Metland, executive vice-president and head of product for private equity in Europe.

Stewart has previously worked for Augentius Fund Administration, 3i Infotech – Framework, and IntraLinks.

Stewart's appointment follows other senior private equity and real asset hires, including the appointment of Bruno Bagnols as managing director and head of private equity and real assets of Mitsubishi UFJ Investor Services & Banking Luxembourg (MIBL).

The $575bn firm is also looking to hire more professionals over the next six months, MUFG's spokesperson told Unquote. He added that the firm is looking to bolster its global service offering, and that it is investing substantially and expanding its solutions.

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