Mitsub Ufj Fg Stock Price, News & Analysis

Mitsubishi UFJ Financial Group (MUFG) announced the expansion of its Direct Lending business with the hiring of Claude Mattessich and Will McCarthy as Managing Directors and Senior Originators. Mattessich will be based in New York City and McCarthy in Chicago. Both professionals bring extensive experience in structuring capital solutions for private equity clients. This hiring follows the recent formation of a Direct Lending group aimed at supporting LBO and recapitalization transactions for private equity sponsors, led by Matt Maley.

The Association for Financial Professionals (AFP) has recognized Comcast Capital Corporation, Marsh McLennan, and Oracle Cerner as finalists for the 2022 Pinnacle Award, sponsored by MUFG. This award honors innovation in treasury and finance. Selection was based on the finalists' ability to enhance operational efficiency. MUFG also announced a $10,000 donation to the charity of the winner's choice. Each finalist showcased significant advancements: Comcast improved liquidity management, Marsh developed a predictive churn model, and Oracle tackled a $4 billion payment bottleneck.

Denis McHugh has been appointed as the Chief Risk Officer for MUFG Securities Americas Inc. and Market Risk Management Officer for MUFG Americas Holdings Corporation, effective August 30, 2022. He will report to Brian Gunn and Yasutaka Suehiro and will oversee risk management and develop sustainable risk programs. McHugh brings over 30 years of experience in market risk management from institutions like BMO Financial Group and Commerzbank AG.

MUFG's U.S. operations totaled $332.4 billion in assets as of March 31, 2022.

MUFG Americas Holdings Corporation announced an increase in the reference rate for MUFG Union Bank from 4.75% to 5.50%, effective July 28, 2022. This adjustment reflects the bank's strategy to align with prevailing market trends and is crucial as it impacts the cost of borrowing for various consumer and business loans. As of March 31, 2022, MUFG Americas holds total assets of $159.2 billion. The bank provides a wide range of financial services through its 297 branches across the West Coast.

MUFG announced the appointment of Hideaki 'Hide' Takase to its board of directors for MUFG Americas Holdings Corporation and MUFG Union Bank, effective August 2, 2022. Takase succeeds Takayoshi 'Taka' Futae, who served on the board since April 2022. With over 30 years in banking across Japan, the U.S., and EMEA, Takase brings significant experience to the board. He has held several key roles, including COO-I of MUFG and MUFG Bank, Ltd., since April 2022. MUFG's U.S. operations have total assets of $332.4 billion as of March 31, 2022.

Mitsubishi UFJ Financial Group (MUFG) has updated its Green Deposit Framework in collaboration with Morningstar Sustainalytics, focusing on aligning financing criteria for green assets with market standards. Following a launch in February 2021 in the U.S., Green Deposits are now available in Australia, China, Hong Kong, and Japan. The framework supports environmentally sustainable projects, including renewable energy and energy efficiency. An annual review ensures adherence to industry best practices, with the first review for 2021 completed in April 2022.

Mitsubishi UFJ Financial Group (MUFG) has filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2022, with the U.S. Securities and Exchange Commission on July 8, 2022. The report includes audited consolidated financial statements prepared under U.S. GAAP. Shareholders can access the report via MUFG's official website and request a hard copy free of charge.

Mitsubishi UFJ Financial Group (MUFG) has successfully closed a USD 300 million acquisition facility for SKY Leasing, aimed at financing the purchase of 12 off-lease Boeing 737 MAX8 aircraft. This facility stands out due to its structural enhancements tailored for aircraft financing. MUFG has previously supported SKY in their financing ventures, establishing a strong partnership. As of May 2022, SKY has executed $3.5 billion in aircraft transactions, showcasing its growth in the leasing sector.

On June 28, 2022, MUFG announced the appointment of Masatoshi Komoriya as the new Executive Chairman of MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective June 30, 2022. Komoriya, who brings over 30 years of banking experience in Japan, the U.S. and EMEA, succeeds Kazuo Koshi, who served as Executive Chairman from April 2020 to April 2022. Komoriya will also continue in his roles as Deputy Chief Operating Officer and Deputy Chief Executive of the Global Commercial Banking Business Group.