MUFG appoints PE business development executive

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Kate Stallard as executive director of business development for Europe, the Middle East and Africa.

Stallard has 20 years of senior investment services experience. Most recently she founded financial services consultancy IRIS Partners. Prior to this, she worked as head of private equity, real estate and infrastructure sales at global asset management firm Northern Trust. During her tenure, Stallard has also held senior business development and operational roles at HSBC, fund administrator IPES and private equity firm Cinven, according to a statement from MUFG.

In her new role Stallard will be responsible for driving forward MUFG Investor Services’ asset servicing solutions by developing strategic relationships with private equity, real estate and infrastructure firms, according to the statement. She will also support new and existing clients with solutions offered by the asset management unit, which include fund administration, middle-office outsourcing, custody, depository, trustee and wider banking services. 

Stallard will report to manging director and regional head of business development Marc Russell-Jones, who joined MUFG in July from State Street, where he worked as head of asset manager sector solutions for the Nordics and UK for nearly two years. 

“The private equity, real estate and infrastructure sectors are a strategic growth priority for MUFG Investor Services and we are investing heavily in highly experienced teams and technology, while continuing to enhance our offering,” Russell-Jones said in the statement. Kate’s network and understanding of the asset classes are highly valuable and will enable us to support our clients’ growth ambitions.”

MUFG Investor Services has made a number of appointments in its sales team this year. Mark Catalano joined the asset management unit as executive director for business development in February from Atlas Fund Services, while former managing director in BNY Mellon’s Alternative Investment Services business Michael McCabe was appointed sales director in April and BlackRock’s McAllister Kirschner joined as global head of relationship management in May.