MUFG IS expands banking solutions

MUFG IS has expanded its banking solutions to include global payment and cash management services, aiming to improve currency and payment options for its clients.

Adil Rehman has joined the firm as managing director, global head of payments and liquidity, to manage the implementation of these additional services.

Rehman has nearly two decades of experience in transactional banking and forex services. He was previously EMEA head of transaction banking at Goldman Sachs, where he led the expansion of Transaction Bank.

The asset servicing provider has added foreign exchange payments, wire transfers and local automated clearing house payments to its existing banking solutions, which include bank accounts, liquidity solutions and escrow services.

John Sergides, CEO of MUFG Investor Services, commented: “We are pleased to welcome Adil, a seasoned banking expert with deep knowledge in transaction banking, payments, and currency overlay, as he builds our banking ecosystem for clients.”