InvestCloud, a global Fintech company serving large banks, wealth management platforms and fund managers, revealed that it has launched its Wealth Advisor Platform by Mitsubishi UFJ Financial Group (MUFG), which is the largest bank in Japan and also one of the world’s largest financial institutions in terms of total assets.
This latest partnership reflects the multi-jurisdictional reach of the InvestCloud Wealth Advisor Platform. It’s also a good move for the company since Japan has one of the world’s largest wealth management sectors in the world.
InvestCloud managed to establish a dedicated local presence in 2019 and has also opened up a larger business office in Tokyo. InvestCloud is focused on expanding its professional team which includes IT and wealth management experts whose skill sets are well-suited for the requirements of Japanese financial service providers.
Christine Ciriani, CEO of the InvestCloud Private Banking division, remarked:
“We’ve made a significant investment in our Japanese presence. This means everything from supporting local regulation to adapting our wealth management platform to the Japanese script and the Japanese calendar. The strength of our local team is being recognised by some of the largest firms in Japan, because the team understands the financial culture and has the right discipline to deliver projects to our Japanese clients.”
Haruka Homma, Country Manager Japan, InvestCloud, stated:
“Thanks to our Japanese presence and expert knowledge of the local market, we have been able to ensure programme delivery to MUFG with our local team, while providing remote support from additional InvestCloud resources as needed. We are looking forward to growing our Japanese presence further and continuing to support MUFG through delivering innovative and market-leading platform for wealth management services amidst a fast-growing regional customer needs.”