Security Bank, MUFG launch Interbank Fund Management Service

AGREEMENT. Present during the Memorandum of Agreement signing ceremony were the working teams from both banks headed by Security Bank officers: President & CEO Alfonso Salcedo, Jr. (seated, third from left) and EVP & Wholesale Banking Segment Head Eduardo Olbes (seated, fourth from left) along with Bank of Tokyo-Mitsubishi UFJ officers: Manila Branch’s General Manager Tatsuto Ishida (seated, second from left) and Deputy General Manager Nobuyuki Hokimoto (seated, first from left).

Security Bank Corporation (SBC) and Mitsubishi UFJ Financial Group (MUFG) of Japan jointly announced the launch of the Interbank Fund Management Service (IBFM). A Memorandum of Agreement was signed between SBC and MUFG’s banking entity, The Bank of Tokyo-Mitsubishi UFJ, Ltd. IBFM is a special correspondent banking arrangement where customers from the two banks can…