MUFG Union Bank has formed a strategic partnership with Guggenheim Investment Advisory (GIA), a business unit of Guggenheim Partners, to provide alternative investment solutions to its clients.
Using the Guggenheim Alternatives Platform, MUFG Union Bank and its subsidiary HighMark Capital Management will be able to access Guggenheim Investment Advisory’s research, market updates, thematic guidance and online portfolio construction tools to build and integrate customized hedge fund allocations into client portfolios using a streamlined implementation process.
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The GIA’s platform will provide a comprehensive solution to meet the needs of MUFG Union Bank clients.
Dennis Mooradian, head of wealth markets at MUFG Union Bank, said: "Access to these types of funds represents a very important addition to our strategy of serving wealthy clients within our Private Bank. These investment fund options are attractive to many of our high net worth clients and those we wish to attract."
MUFG Union Bank said that its private banking unit caters financial needs of HNW individuals, non-profit organizations, business owners, corporate executives, and professional service firms.
Charles Stucke, co-head and CIO for Guggenheim Investment Advisory, said: "Clients will have access to our highest-conviction strategies, as well as have the ability to select from a deeply researched menu of managers."
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