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MUFG Grows Leveraged Finance Business, Fischer to Head U.S. Sales

January 17, 2020, 09:15 AM

Mitsubishi UFJ Financial Group (MUFG) announced it has hired Timothy Fischer as Managing Director, Head of U.S. Leveraged Finance Sales. Based in New York, Mr. Fischer will begin on Jan. 21 and report to John Karabelas, MUFG's Head of Institutional Investor Sales in the Americas.

In this newly created role, Mr. Fischer will be responsible for leading distribution of leveraged loans and high-yield bonds in partnership with the bank's Capital Markets team.

"With more than 25 years of both sales and trading experience in this space, Tim brings the institutional relationships and gravitas to expand our leveraged finance platform," said Mr. Karabelas. "His hire will also support our full-lifecycle business model—from origination to distribution and secondary trading—and help us progress toward becoming a top corporate-banking debt house in the Americas across the credit spectrum."

Mr. Fischer joins from Deutsche Bank, where he was Managing Director of Leveraged Credit Sales. Previously he was the Head of High Yield Trading at both Deutsche Bank and Lehman Brothers. Mr. Fischer earned an M.B.A. from Washington University in St. Louis and a B.A. in Economics from Beloit College.

MUFG is the world's fifth-largest financial institution, with approximately $2.9 trillion in total assets. The bank had originally established a strong foundation in the investment-grade sector and later extended its coverage to include leveraged finance. In December 2019, MUFG ranked eighth by investment-grade issuance in U.S. dollar denominated date, according to Dealogic. Today the bank provides a full suite of financing and fixed-income advisory services to corporate clients, financial institutions and private-equity sponsors, serving borrowers in addition to financing investment opportunities.

The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world's leading financial groups, has total assets of $343 billion at September 30, 2019.

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