Yezdan Badrakhan will join Mitsubishi UFJ Financial Group (MUFG) as managing director and head of U.S. esoteric asset-backed securities (ABS).

Based in New York, Badrakhan will report to Tricia Hazelwood, international head of securitized products for MUFG. Badrakhan will be responsible for continuing to grow MUFG’s esoteric ABS business, extending the firm’s reach to new asset classes and building upon the firm’s ABS underwriting platform.

“We are happy to have Yezdan join the team to help support our commitment to serving our clients and growing our securitized products business,” Hazelwood said. “His depth and breadth of structured finance knowledge along with his strong client and industry relationships will be key as we continue to penetrate more emerging asset classes and realize innovative, untapped opportunities for our clients.”

Badrakhan has more than 13 years of structured finance experience with a focus in esoteric asset classes, including aviation, rail and container. He has also advised clients on ESG initiatives. He previously worked for Morgan Stanley, where he was responsible for launching the firm’s structured products capital markets transportation business. Prior to Morgan Stanley, Badrakhan held various positions at Wells Fargo and Guggenheim Partners.