Yezdan Badrakhan has joined Mitsubishi UFJ Financial Group as managing director and head of U.S. esoteric asset-backed securities (ABS). Badrakhan will be based in New York and be responsible for continuing to grow MUFG’s esoteric ABS business, extending the firm’s reach to new asset classes and building on the firm’s ABS underwriting platform.
Badrakhan started on March 16 and reports to Tricia Hazelwood, who is international head of securitized products.
“We are happy to have Yezdan join the team to help support our commitment to serving our clients and growing our Securitized Products business,” Ms. Hazelwood said in a statement. “His depth and breadth of structured finance knowledge along with his strong client and industry relationships will be key as we continue to penetrate more emerging asset classes and realize innovative, untapped opportunities for our clients.”
He will focus on esoteric asset classes, such as aviation, rail and container, according to a MUFG statement. He has also advised clients extensively on deals with environmental, social and governance (ESG) themes. Previously, he was at Morgan Stanley, where he launched the firm’s structured products capital markets transportation business.
Badrakhan had also worked at Wells Fargo and Guggenheim Partners.
