InvestCloud signs wealth management deal with Japan’s MUFG

By Leandra Monteiro

InvestCloud, a global FinTech firm serving some of the largest banks, wealth managers and asset managers in the world, announced the deployment of its Wealth Adviser Platform by Mitsubishi UFJ Financial Group (MUFG), among Japan’s largest banks.

InvestCloud’s Wealth Adviser Platform will be used by many MUFG employees to support end-to-end wealth management and financial planning.

The engagement reflects the multi-jurisdictional reach of the InvestCloud Wealth Adviser Platform. InvestCloud established their local presence in 2019 and has since moved to a larger Tokyo office while expanding a fast-growing local team of IT and wealth management professionals whose skill sets match the needs of financial service providers in Japan.

Christine Ciriani, CEO of the InvestCloud Private Banking division said, “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 shared, “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.”