MUFG Investor Services has announced two new appointments. Hans Jacob Feder is Managing Director and Global Head of FX Services and Alberto (“Al”) Baptiste is Executive Director and Head of FX Sales.

With these hires, MUFG will expand its capabilities in providing comprehensive FX hedging solutions, such as its FX Overlay product, as well as enhanced FX services around custody, translation hedging and payment conversions.

Hans is based in MUFG’s London office and will report to John Sergides, CEO of MUFG Investor Services. He joins from J.P. Morgan Securities, where his most recent role was Managing Director and Head of FX Services Execution. Prior to joining J.P. Morgan, he served as Managing Director at Deutsche Bank where he led the development of their passive currency overlay product and was the global head of FX Trading for Deutsche Asset & Wealth Management. Prior to joining Deutsche Bank, he spent 5 years at Goldman Sachs International.

Al is based in New York and reports to Michael McCabe, Managing Director and Global Head of Business Development for Product and Marketing. He comes to MUFG from Bank of New York Mellon, where he ran the bank’s FX overlay sales function for 11 years.

“We are keenly focused on bolstering our FX offering this year, as we have seen a significant increase in demand from asset managers for support in this space. Both Hans and Al are familiar with building FX services and bring more than 50 years of combined experience to our team,” said John Sergides, CEO of MUFG Investor Services.

These appointments are the latest in a series of hires. In January the firm announced the expansion of its securities lending practice with the appointment of Tim Smollen as Global Head of Global Securities Lending Solutions, along with an additional eight hires.