MUMSS deploys InvestCloud Wealth Platform to target HNIs

By Leandra Monteiro

InvestCloud, a FinTech firm serving banks, wealth managers and asset managers announced the deployment of its wealth management platform by Mitsubishi UFJ Morgan Stanley Securities (MUMSS). MUMSS is the wealth management, global markets and investment banking arm of Mitsubishi UFJ Financial Group.

Financial advisors at Private Banking Group of MUMSS will use the InvestCloud Wealth Platform to expand its client base of Japanese high-net-worth individual. The InvestCloud platform will enable financial advisors to increase the use of digital services in maintaining client relationships, focusing on the precise needs of the client and delivering more personalised services.

The deal is also the result of substantial investment made by InvestCloud in its Japanese operations. In recent times, it has adapted its multi-jurisdiction platform to accommodate local requirements including Japanese language, calendar and regulations. InvestCloud has also expanded its Tokyo office and its local team of IT and wealth management professionals whose skill sets match the needs of financial service providers in Japan.

Christine Ciriani, CEO of Private Banking, InvestCloud shared, “We are enormously proud and excited to be working with MUMSS. Japanese high-net-worth sector customers place tremendous value in their relationships with their service provider, and we have made significant investment in our technology and workforce in Japan so that local wealth managers can meet and exceed these expectations.”

Haruka Homma, Country Manager Japan, InvestCloud said, “The Japanese high-net-worth sector is undergoing a long-awaited transition. A large number of high-net-worth customers have been waiting for advisors who are able to provide more customer-centric advice such as goal-based wealth planning. In that sense, this project can be said to be an important milestone for a major transformation of not only the MUMSS business, but also the wealth management business in Japan. We look forward to supporting MUMSS as it evolves its business to serve this diversifying market of investors.”