Mitsubishi UFJ Financial Group named Raymond Fattell head of transaction banking in the Americas. Fattell will assume the role on Dec. 1 from Ranjana Clark, who had served in the position since 2013 but now will be the fully dedicated head of global transaction banking.
With rising commodity prices, workforce shortages and higher expenditures to attract labor, the restaurant industry will face continued margin contraction and, consequently, lower M&A volume in Q1/22, according to Mitsubishi UFJ Financial Group’s restaurant finance group.
Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
Mitsubishi UFJ Financial Group appointed Randall Chafetz to the role of vice chairman of the firm’s global corporate and investment banking business. Chafetz will assume this newly created role in New York on June 29.
Mitsubishi UFJ Financial Group hired nine bankers for the restaurant finance group of its corporate and investment banking division, including Nick Cole and Quinn Hall as managing directors.
Mitsubishi UFJ Financial Group appointed Neal Holland CFO of MUFG Americas Holdings and its primary banking subsidiary, MUFG Union Bank, effective June 1. Holland will succeed Johannes Worsoe, who has served as CFO since 2016.
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.