Daily News: June 5, 2012

Former CIT Aerospace Exec to Lead Union Bank Group

Mitsubishi UFJ Financial announced that Robert Jones has joined Union Bank to head its Aerospace & Defense Group where he will lead a team of professionals providing a broad range of financing and related banking services to companies across the industry.

Jones is part of Union Bank’s National Specialized Lending Group that provides financial expertise to commercial clients including debt financing, capital markets, depository and cash management, foreign currency and interest rate risk management, global trade, and private banking services across a broad range of industries.

Jones has more than 20 years of experience in corporate and investment banking. Prior to joining Union Bank, he was a director in the aerospace and defense team at CIT Group, and previously held similar roles at Wachovia Securities and CIBC World Markets. During his career, Jones has worked with a broad array of aerospace and defense companies, including most of the major prime contractors and original equipment manufacturers, and many of their supply chain partners, both in the U.S. and overseas. He has also worked extensively with investment bankers and private equity investors focused in this sector.

“We are thrilled to welcome Robert to Union Bank and know that his deep experience in this unique industry will provide solid counsel and knowledge to our clients, and help us expand our outreach to this broad and growing sector of the economy,” said executive vice president Bita Ardalan, head of the National Specialized Lending Group.