Alla Whitston joined Mitsubishi UFJ Financial Group (MUFG) as chief information officer for the Americas and Matt Abrusci joined as general counsel for the Americas. Whitston joined from Silicon Valley Bank/First Citizens Bank and Abrusci joined from the Royal Bank of Canada.
Mitsubishi UFJ Financial Group expanded its sponsor coverage effort with the hiring of Pam Bruno as managing director. Bruno will be responsible for covering private equity financial sponsors for the bank.
Mitsubishi UFJ Financial Group hired five senior executives and a total of at least 20 new team members to expand the capabilities of its technology, media and telecom (TMT) banking group, including multiple former Silicon Valley Bank executives.
Mitsubishi UFJ Financial Group hired Robert Ellenbogen to its leveraged finance team as a managing director and senior credit analyst.
According to Mitsubishi UFJ Financial Group’s capital markets strategy team’s 2023 outlook, the decade ahead will be characterized by several prevalent themes, including shorter economic cycles, more rigorous investor scrutiny and long-term supply constraints for commodities.
According to Nick Cole, the head of restaurant and hospitality finance at Mitsubishi UFJ Financial Group, the number of U.S. restaurants has not yet rebounded to pre-pandemic levels and is still significantly lower than what it was before COVID-19.
Akulaku, a banking and digital finance platform in Southeast Asia, received a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1.
U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG).
U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022.