Garret Rowan to join as Head of Leveraged Loan Trading; Mike Macchia to join Leveraged Finance Sales team
NEW YORK, June 27, 2022 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) announced today the hiring of two Directors for its leveraged finance platform: Garret Rowan will join as Head of the Leveraged Loan Trading group, and Mike Macchia will join as a salesperson in Leveraged Finance Sales. Both will be based in New York.
"Leveraged finance is one of our key focus areas for MUFG, and is crucial to the sustainable success of our firm," said Regional Executive and CEO for the Americas Kevin Cronin. "Our ambition is for MUFG to become a top corporate-banking debt house in the Americas across the credit spectrum through our full-lifecycle business model—from origination to distribution and secondary trading."
Mr. Rowan will report to Steven Feinberg, Head of Credit Trading, and will work closely with both MUFG's Debt Capital Markets group as well as the CLO Origination and Trading teams as the bank continues to expand its Leveraged Loan footprint.
On the Leveraged Finance Sales team, Mr. Macchia will focus primarily on leveraged loans and building out MUFG's distribution platform for both primary and secondary sales. He will report to Tim Fischer, Head of U.S. Sales for Leveraged Finance.
"Mike and Garret bring a complementary mix of background and expertise, and we are excited to welcome them to our team," said John Karabelas, Head of Institutional Investor Sales for the Americas. "This continued strategic expansion of our leveraged finance platform solidifies our commitment to growing in the secondary trading space and to serving our clients. We will continue expanding our leveraged finance capabilities, which is a critical part of our growth strategy."
Both Mr. Rowan and Mr. Macchia join MUFG from UBS. Mr. Rowan was a Director in the Par Loan Trading group, responsible for market making and driving client relationships. Prior to UBS, he was a loan trader at both Deutsche Bank and US Bancorp. Mr. Macchia has more than 20 years of professional experience as both an investor and as a salesperson on the sell side. At UBS, he oversaw some of the largest loan accounts as well as distressed and high-yield investors. Earlier in his career, Mr. Macchia held positions at Deutsche Bank, Nomura, and GE Capital Americas.
Mr. Rowan and Mr. Macchia are the latest in a succession of recent additions to MUFG's leveraged-finance platform. Last year, Todd Bondy joined as Head of High-Yield Trading, and Ryan Munro as Head of Leveraged Syndicate. Both are Managing Directors based in New York.
Press contact:
Oksana Poltavets
(646) 767-1326
[email protected]
About Mitsubishi UFJ Financial Group, Inc.'s U.S. Operations including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world's leading financial groups, has total assets of $332.4 billion at March 31, 2022. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company, and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. MUAH's main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of March 31, 2022, MUFG Union Bank, N.A. operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, domestic and foreign debt and equities securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
SOURCE MUFG
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CL00108&Transmission_Id=202206270935PR_NEWS_USPR_____CL00108&DateId=20220627)
Share this article