Mitsubishi UFJ Financial Group named Raymond Fattell head of transaction banking in the Americas. Fattell will lead MUFG’s transaction banking business in the United States, Latin America and Canada and be responsible for product management, sales, client delivery, risk and the support of functions including strategy, client training and marketing.
Fattell is based in New York and will report to Ranjana Clark, head of global transaction banking; Jonathan Lindenberg, head of global corporate and investment banking in the Americas; and Masashi Onodera, head of the transaction banking division. Fattell will assume the role on Dec. 1 from Clark, who had served in the position since 2013 but now will be the fully dedicated head of global transaction banking.
“To this position, Ray brings tremendous expertise and industry experience in liquidity and working capital management solutions as we serve our clients and grow this important business,” Clark said. “Ray has a proven track record of innovating new products and services that address client needs and that leverage emerging technologies across multiple channels.”
Since joining MUFG in 2015, Fattell has served as the head of transaction banking Americas product management. Over the course of his more than 25 years in the financial services industry, Fattell has managed operations and technology, e-commerce and product management organizations at HSBC, Citigroup and JPMorgan Chase. Currently, he is on The Clearing House’s payments committee board, represents the payments committee on The Clearing House’s Enterprise risk committee and is on the MasterCard treasury management advisory board.
“We are excited to have Ray take on this role given his deep understanding of the transaction banking needs of our corporate and institutional clients,” Lindenberg said. “Ray’s leadership, market knowledge and commitment to client service will enable us to continue to deliver value to our clients and drive the strategic growth of this franchise in the Americas.”
