MUFG - Mitsubishi hires two executives for leveraged finance platform

Mitsubishi UFJ Financial (MUFG) is making two hires from UBS Group (UBS) to build up its leveraged finance platform to become a leader in the sector, the company said Monday. "Our ambition is for MUFG to become a top corporate-banking debt house in the Americas across the credit spectrum through our full-lifecycle business model — from origination to distribution and secondary trading," said Kevin Cronin, Mitsubishi UFJ Financial's (MUFG) regional executive and CEO for the Americas. Garret Rowan will join as head of the Leveraged Loan Trading group and Mike Macchia will join as a salesperson in Leveraged Finance Sales. Both will be based in New York. At UBS (UBS), Rowan was a director in the Par Loan Trading group. He had also been a loan trader at Deutsche Bank (DB) and US Bancorp (USB) in earlier stints. Macchia had overseen some the that largest loan accounts as well as distressed and

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Mitsubishi hires two executives for leveraged finance platform