MUFG Continues to Grow Leveraged Finance Platform | News


Garret Rowan to be part of as Head of Leveraged Mortgage Trading Mike Macchia to join Leveraged Finance Product sales team

NEW YORK, June 27, 2022 /PRNewswire/ — Mitsubishi UFJ Economical Team (MUFG) introduced right now the hiring of two Administrators for its leveraged finance platform: Garret Rowan will be a part of as Head of the Leveraged Financial loan Investing team, and Mike Macchia will sign up for as a salesperson in Leveraged Finance Sales. The two will be dependent in New York.

“Leveraged finance is one particular of our essential concentration parts for MUFG, and is very important to the sustainable success of our company,” stated Regional Government and CEO for the Americas Kevin Cronin. “Our ambition is for MUFG to become a leading corporate-banking debt household in the Americas throughout the credit score spectrum by our whole-lifecycle business model—from origination to distribution and secondary trading.”

Mr. Rowan will report to Steven Feinberg, Head of Credit history Investing, and will work carefully with both equally MUFG’s Financial debt Capital Markets group as well as the CLO Origination and Buying and selling teams as the financial institution proceeds to expand its Leveraged Financial loan footprint.

On the Leveraged Finance Income group, Mr. Macchia will target mostly on leveraged loans and constructing out MUFG’s distribution system for the two most important and secondary product sales. He will report to Tim Fischer, Head of U.S. Sales for Leveraged Finance.

“Mike and Garret convey a complementary blend of history and skills, and we are thrilled to welcome them to our crew,” explained John Karabelas, Head of Institutional Trader Product sales for the Americas. “This continued strategic enlargement of our leveraged finance system solidifies our commitment to increasing in the secondary investing area and to serving our clients. We will continue expanding our leveraged finance abilities, which is a important part of our advancement method.”

The two Mr. Rowan and Mr. Macchia sign up for MUFG from UBS. Mr. Rowan was a Director in the Par Bank loan Investing group, responsible for current market earning and driving client relationships. Prior to UBS, he was a bank loan trader at both equally Deutsche Financial institution and US Bancorp. Mr. Macchia has much more than 20 a long time of skilled practical experience as the two an investor and as a salesperson on the promote aspect. At UBS, he oversaw some of the major personal loan accounts as nicely as distressed and high-generate buyers. Previously in his profession, Mr. Macchia held positions at Deutsche Financial institution, Nomura, and GE Capital Americas.

Mr. Rowan and Mr. Macchia are the most recent in a succession of recent additions to MUFG’s leveraged-finance platform. Last year, Todd Bondy joined as Head of Superior-Produce Investing, and Ryan Munro as Head of Leveraged Syndicate. Both equally are Running Administrators based mostly in New York.

Press call:

Oksana Poltavets   

(646) 767-1326

[email protected]

About Mitsubishi UFJ Financial Group, Inc.’s U.S. Functions like MUFG Americas Holdings Corporation

The U.S. operations of Mitsubishi UFJ Monetary Group, Inc. (MUFG), just one of the world’s major economical groups, has overall property of $332.4 billion at March 31, 2022. As section of that overall, MUFG Americas Holdings Company (MUAH), a economic keeping firm, lender keeping corporation, and intermediate holding corporation, has overall assets of $159.2 billion at March 31, 2022. MUAH’s principal subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. gives a vast vary of monetary companies to buyers, small enterprises, center-market place businesses, and big corporations. As of March 31, 2022, MUFG Union Lender, N.A. operated 297 branches, consisting mostly of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-vendor which engages in capital markets origination transactions, domestic and overseas financial debt and equities securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Lender, Ltd. and Mitsubishi UFJ Money Team, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Money Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Take a look at www.unionbank.com or www.mufgamericas.com for additional information.

About MUFG

Mitsubishi UFJ Money Team, Inc. (MUFG) is 1 of the world’s foremost economical teams. Headquartered in Tokyo and with in excess of 360 a long time of history, MUFG has a world-wide community with close to 2,500 spots in extra than 50 nations around the world. The Team has about 170,000 personnel and provides expert services which includes industrial banking, belief banking, securities, credit history cards, shopper finance, asset administration, and leasing. The Group aims to “be the world’s most reliable money team” by way of close collaboration amid our working corporations and flexibly respond to all of the fiscal desires of our clients, serving modern society, and fostering shared and sustainable development for a greater globe. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For additional information, stop by https://www.mufg.jp/english.

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