McCabe joins MUFG team

MUFG Investor Services has appointed Michael McCabe as sales director. He joins the Bermuda-based outfit from BNY Mellon’s Alternative Investment Services business where he spent more than a decade leading the North American business development team.

McCabe will play a key role in driving business development in North America for the firm’s range of asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services. He will report to John Sergides, managing director, global head of business development and marketing, in New York.

Before joining BNY Mellon, Michael was president of Pennington Capital Management between 2003 and 2005. He previously spent over 20 years as a commodities trading adviser with NUI, Commodities Corporation and Tricon USA.