Mitsubishi UFJ Financial Group continues its expansion in leveraged finance. On Monday the company announced that it had hired Garrett Rowan as head of the leveraged loan trading group, and Mike Macchia, who joins as a salesperson in leveraged finance sales.
Rowan will report to Steven Feinberg, head of credit trading, and he will work closely with both MUFG’s debt capital markets group, as well as the collateralized loan obligation (CLO) origination and trading teams.
As for Macchia, he will focus on leveraged loans and building out MUFG’s distribution platform for both primary and secondary sales. Macchia will report to Tim Fischer, head of U.S. sales for leveraged finance.
Rowan starts in July, and Macchia in August, according to MUFG, and both will be based in New York.
“Mike and Garrett bring a complementary mix of background and expertise, and we are excited to welcome to them to our team,” according to a statement from 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 out clients.”
At UBS, Rowan was a director in the par loan trading group, responsible for market making and driving client relationships. Before UBS, Rowan was a loan trader at both Deutsche Bank and US Bancorp. Macchia also worked at Deutsche Bank, as well as Nomura and GE Capital Americas, with more than 20 years of experience, including UBS, according to MUFG.
Macchia and Rowan’s hires continue MUFG’s strong expansion effort this year. Since January, the company has made at almost a half dozen hires, including Kimberly Boulmetis and Yezdan Badrakhan as managing directors of debt capital markets group, and head of its U.S. esoteric asset-backed securities (ABS), respectively.
