MUFG Fund Services Selects Markit Fixed Income Pricing

Category:

Thursday, October 1, 2015 4:06 pm EDT

Dateline:

LONDON, NEW YORK & SINGAPORE
"Markit’s pricing, transparency and liquidity data help our clients properly manage the verification and valuation process. Importantly, we believe the high quality of Markit’s prices and valuation services, as well as their commercial flexibility provides a very competitive solution for the marketplace."

Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that MUFG Fund Services has selected Markit’s fixed income pricing service for price verification and valuation management. MUFG Fund Services is part of MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group (MUFG), and provides administration services for more than 1,100 alternative funds worldwide.

Blair Henderson, global head, business development & marketing at MUFG Investor Services, said: “Our clients are facing increased regulatory reporting requirements including the SEC’s valuation guidance, AIFMD, and Form PF. More than ever, transparency and context behind prices are critical to their NAV calculation.”

He added: “Markit’s pricing, transparency and liquidity data help our clients properly manage the verification and valuation process. Importantly, we believe the high quality of Markit’s prices and valuation services, as well as their commercial flexibility provides a very competitive solution for the marketplace.”

Kiet Tran, managing director and head of fixed income pricing at Markit, said: “Today’s fund administrators need solutions that offer more than a price to provide NAV calculation for their customers. Our pricing, transparency and liquidity data metrics provide MUFG Fund Services’ clients with deeper context by leveraging millions of daily observable prices sourced directly from leading industry participants and our real time parsing technology.”

Markit’s fixed income pricing service provides independent pricing, transparency and liquidity data for fixed income instruments to support risk management, product control, compliance and trading workflows. Price inputs from a variety of sources are fed into a dynamic pricing model to produce a resultant price validated against a number of parameters. Markit’s daily coverage of 2.4 million instruments spans municipal bonds, corporate and sovereign bonds, securitised products, bank loans and CDS.

About MUFG Investor Services

MUFG Investor Services provides asset servicing solutions to the global investment industry. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.4 trillion in assets – we provide clients access to a range of leading solutions from fund administration, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

MUFG Investor Services leverages its deep market expertise and industry leading technology to partner with clients throughout the investment lifecycle. Our solutions are developed with our clients’ needs firmly at the heart of the partnership. www.mufg-investorservices.com

MUFG Fund Services

MUFG Fund Services is the global fund administration arm of MUFG Investor Services and has been partnering with the investment industry for over 25 years. Through our partnership driven model we provide clients a comprehensive and customized fund administration solution, underpinned by our market leading technology platform. Our clients range from mutual funds, hedge funds, fund of funds, private equity and real estate funds across all investment strategies, asset types and fund structures.

Contact:

Markit
Ed Canaday
Director, Corporate Communications
Tel: +1 646 679 3031
ed.canaday@markit.com
or
Joanna Vickers
Associate
Tel: +44 207 260 2234
joanna.vickers@markit.com