Mitsubishi UFJ Financial Group hired Michael Klein and Keith Murray as managing directors of sponsor coverage and John Timoney as a managing director for the capital markets group.
Mitsubishi UFJ Financial Group acted as a structuring lead on Starwood Property Trust’s first project finance collateralized loan obligation. The deal also represents MUFG’s first structuring lead mandate on a project finance CLO.
Mitsubishi UFJ Financial Group hired two managing directors for its leveraged finance platform. Todd Bondy will serve as head of high yield trading and Ryan Munro will serve as head of leveraged syndicate. Both will be based in New York and are scheduled to join the firm in April.
Mitsubishi UFJ Financial Group appointed Kevin P. Cronin regional executive of the Americas at MUFG and MUFG Bank (its primary banking subsidiary) and president and CEO of MUFG Americas Holdings Corporation and MUFG Union Bank.
Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of restaurant finance at Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group will launch a capital markets strategy group. Tom Joyce, who joined MUFG from Deutsche Bank, will lead the new group.
Mitsubishi UFJ Financial Group hired Rajesh Kapadia as international head of capital markets. Kapadia joined MUFG after a 25-year career at JPMorgan, where he was most recently co-head of technology, media and telecom leveraged finance.
A growing number of suppliers are using their receivables as a source of liquidity to alleviate financial strains in the wake of the coronavirus pandemic, according to Maureen Sullivan, head of supply chain finance at Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group (MUFG) hired Marc Lavine and Diane Wright as directors in its leveraged finance sales group. Lavine previously worked at Simon Baron Development and Deutsche Bank. Wright previously worked at RBC Capital Markets and Credit Suisse.
Mitsubishi UFJ Financial Group will provide $3 million in support to small businesses and communities in response to the COVID-19 pandemic.