MUFG Investor Services has opened an operational centre in Kuala Lumpur, Malaysia. Puneet Gupta has been appointed managing director and head of Malaysia.

The centre will provide a full range of fund accounting administration and asset services for MUFG Investor Services clients in Asia, and will support the firm’s 16 locations.

Gupta has more than 20 years of industry experience and joins MUFG from Texas-based manufacturing firm Kimberly-Clark, where he was director of global business services and responsible for the APAC region.

Prior to this, Gupta spent more than 13 years with HSBC. He joined the firm as assistant vice president of global banking for the bank’s India business, before holding a number of senior roles across Hong Kong and Vietnam.

More recently, he was global head for corporate actions and settlement streamlining at HSBC Global Banking and Markets.

John Sergides, CEO of MUFG Investor Services, says: “Marking a milestone in our growth trajectory, our new operational centre in Malaysia enhances our ability to support our clients across the globe.

“[Gupta] brings extensive leadership and operational experience, which will be key to advancing our expansion strategy in Malaysia and the region.”