NEW YORK, June 22, 2021 /PRNewswire/ -- Mitsubishi
UFJ Financial Group (MUFG) today announced
that Jake Kaercher has joined the
firm's Mortgage Backed Securities Trading team as a Director,
Securitized Product Trading.
Working closely with the team, Mr. Kaercher will be responsible
for growing MUFG's Agency CMBS businesses, including Freddie K
Multifamily securities (FHMS), Freddie Small Balance Multifamily
(FRESB), Freddie Tax Exempt (FRETE), Fannie Mae Delegated
Underwriting and Servicing (DUS), Alternative Credit Enhancement
Securities (ACES), Fannie Mae Guaranteed Multifamily Structures
(GEMS), and Ginnie Mae Project Loans. He will report to
Michael McCarthy, Head of MBS and
Securitized Products Trading, and will be based in New York.
"As we're looking to build out our MBS product suite, Jake's
wealth of relevant industry expertise and deep familiarity with
government sponsored enterprises made him the right addition to our
team," Michael McCarthy said. "We're
excited to have Jake onboard."
Mr. Kaercher joins MUFG with more than 25 years of industry
experience, including time running the Agency Multifamily business
at Piper Sandler, Stifel Nicolaus and Merrill Lynch. In addition,
he played a key role in the development and creation of the first
Tax-Exempt Low-Income Multifamily Security.
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 $331 billion at
March 31, 2021. 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 $170
billion at March 31, 2021.
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, 2021, MUFG Union Bank, N.A. operated
309 branches, consisting primarily of retail banking branches in
the West Coast states, along with commercial branches in
Texas, Illinois, New
York, and Georgia.
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.)
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 around 2,600 locations in more than 50
countries. The Group has over 180,000 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
Press contact:
Oksana
Poltavets
(518) 332-4173
opoltavets@us.mufg.jp
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SOURCE MUFG