The tie-up expands InvestCloud’s in presence in Japan. Credit: Freeman Zhou on Unsplash.

Fintech firm InvestCloud has partnered with Mitsubishi UFJ Financial Group (MUFG) to help the bank cater to the wealth management needs of Japanese investors.

The Japanese bank will leverage InvestCloud’s Wealth Adviser Platform to support end-to-end wealth management and financial planning.

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InvestCloud said that the MUFG partnership reflects the multi-jurisdictional reach of its platform as well as its pioneering status in Japan.

InvestCloud, which made its entry to Japan in 2019, has expanded its local team of IT and wealth management professionals with an office in Tokyo.

Commenting on the development, InvestCloud Private Banking division CEO Christine Ciriani 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. “

InvestCloud Japan country manager Haruka Homma said that company’s Japanese presence and expert knowledge of the local market helped it to ensure programme delivery to MUFG.

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Homma added: “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.”

Last month, Mitsubishi UFJ Morgan Stanley Securities (MUMSS) deployed the wealth management platform from InvestCloud.

Other developments at InvestCloud

In February this year, private equity firms Motive Partners and Clearlake Capital, along with funds advised by Motive Partners, agreed to purchase an 80% stake in InvestCloud.

Last September, US-based wealth manager Oppenheimer entered into a strategic alliance with InvestCloud to ramp up the buildout of its digital experience platform.

In March last year, James Hambro & Partners tapped the wealth platform to support digital client communication, automation, and management capabilities.