August 7, 2022

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MUFG Continues to Grow Leveraged Finance Platform | News

Garret Rowan to be a part of as Head of Leveraged Financial loan Trading Mike Macchia to join Leveraged Finance Gross sales team

NEW YORK, June 27, 2022 /PRNewswire/ — Mitsubishi UFJ Economic Team (MUFG) declared now the choosing of two Directors for its leveraged finance system: Garret Rowan will join as Head of the Leveraged Bank loan Trading group, and Mike Macchia will sign up for as a salesperson in Leveraged Finance Product sales. Both will be primarily based in New York.

“Leveraged finance is one particular of our key aim locations for MUFG, and is critical to the sustainable accomplishment of our agency,” said Regional Govt and CEO for the Americas Kevin Cronin. “Our ambition is for MUFG to grow to be a major company-banking financial debt house in the Americas across the credit history spectrum by way of our total-lifecycle enterprise model—from origination to distribution and secondary buying and selling.”

Mr. Rowan will report to Steven Feinberg, Head of Credit score Investing, and will do the job closely with both of those MUFG’s Credit card debt Capital Markets group as nicely as the CLO Origination and Trading groups as the bank carries on to expand its Leveraged Personal loan footprint.

On the Leveraged Finance Gross sales crew, Mr. Macchia will concentrate generally on leveraged financial loans and setting up out MUFG’s distribution platform for each principal and secondary profits. He will report to Tim Fischer, Head of U.S. Revenue for Leveraged Finance.

“Mike and Garret deliver a complementary mix of history and know-how, and we are enthusiastic to welcome them to our crew,” explained John Karabelas, Head of Institutional Investor Income for the Americas. “This continued strategic expansion of our leveraged finance platform solidifies our commitment to rising in the secondary investing house and to serving our shoppers. We will go on increasing our leveraged finance capabilities, which is a vital portion of our development technique.”

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Each Mr. Rowan and Mr. Macchia be part of MUFG from UBS. Mr. Rowan was a Director in the Par Personal loan Trading group, liable for market making and driving client interactions. Prior to UBS, he was a bank loan trader at the two Deutsche Financial institution and US Bancorp. Mr. Macchia has additional than 20 several years of skilled practical experience as equally an trader and as a salesperson on the market side. At UBS, he oversaw some of the most significant bank loan accounts as perfectly as distressed and large-produce investors. Before in his career, Mr. Macchia held positions at Deutsche Financial institution, Nomura, and GE Funds Americas.

Mr. Rowan and Mr. Macchia are the newest in a succession of the latest additions to MUFG’s leveraged-finance system. Previous 12 months, Todd Bondy joined as Head of Large-Produce Trading, and Ryan Munro as Head of Leveraged Syndicate. Both equally are Managing Administrators centered in New York.

Press speak to:

Oksana Poltavets   

(646) 767-1326

[email protected]

About Mitsubishi UFJ Financial Group, Inc.’s U.S. Operations such as MUFG Americas Holdings Corporation

The U.S. functions of Mitsubishi UFJ Financial Group, Inc. (MUFG), a person of the world’s top money teams, has full belongings of $332.4 billion at March 31, 2022. As section of that whole, MUFG Americas Holdings Corporation (MUAH), a fiscal keeping firm, lender keeping enterprise, and intermediate keeping corporation, has full property of $159.2 billion at March 31, 2022. MUAH’s most important subsidiaries are MUFG Union Financial institution, N.A. and MUFG Securities Americas Inc. MUFG Union Lender, N.A. offers a huge vary of fiscal expert services to buyers, little enterprises, center-market place businesses, and significant companies. As of March 31, 2022, MUFG Union Lender, N.A. operated 297 branches, consisting largely of retail banking branches in the West Coastline states. MUFG Securities Americas Inc. is a registered securities broker-seller which engages in cash markets origination transactions, domestic and foreign personal debt and equities securities transactions, personal placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Financial institution, Ltd. and Mitsubishi UFJ Economical Team, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Money Group, Inc., has places of work in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Go to www.unionbank.com or www.mufgamericas.com for additional information and facts.

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About MUFG

Mitsubishi UFJ Monetary Team, Inc. (MUFG) is one of the world’s primary economic groups. Headquartered in Tokyo and with over 360 a long time of heritage, MUFG has a world-wide community with around 2,500 areas in extra than 50 nations around the world. The Group has about 170,000 workers and provides products and services such as commercial banking, believe in banking, securities, credit rating cards, consumer finance, asset management, and leasing. The Team aims to “be the world’s most trustworthy economical team” through near collaboration among our running corporations and flexibly respond to all of the fiscal requirements of our customers, serving culture, and fostering shared and sustainable expansion for a far better entire world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For extra info, stop by https://www.mufg.jp/english.

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Source MUFG