MUFG Continues Development of its Mortgage-Backed Securities Trading Platform with Key Hire


NEW YORK, October 6, 2020 /PRNewswire/ — Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups, announced today that it has hired David M. Lindley to lead the firm’s CMO derivatives trading efforts. The rental is part of MUFG’s ongoing investment and building of its MBS Trading platform. Mr. Lindley will be responsible for leading MUFG’s CMO new issues agency and MBS spin-off business. He will be based at New York and report to Michael McCarthy, responsible for trading MBS and securitized products.

“The addition of David to the team to lead our new CMO issuing agency and CMO derivatives business is a strategic next step in enhancing our MBS trading platform and delivering an MBS product offering. comprehensive to our customers,” said Michael Nadel, co-head of flow products and head of macro trading. “He has over 25 years of mortgage bond trading and sales experience and brings deep industry relationships and expertise that will be essential to our continued development of the business.”

Mr. Lindley joins MUFG from Daiwa Capital Markets. He was previously Managing Director and Head of CMO Derivatives Trading at Nomura Securities, where he was a member of the management team. Previously, he was Executive Director and Senior MBS Derivatives Trader for UBS Investment Bank in New York.

MUFG is one of the world’s largest financial institutions by assets, with approximately $3.2 trillion, from June 30, 2020.

About the U.S. operations of Mitsubishi UFJ Financial Group, Inc., including MUFG Americas Holdings Corporation

The US operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $379 billion at June 30, 2020. Within this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $167.4 billion at June 30, 2020. MUAH’s principal subsidiaries are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, middle market businesses and large corporations. From June 30, 2020, MUFG Union Bank, NA operated 348 branches, consisting primarily of retail banking branches in the West Coast states, as well as commercial branches in Texas, Illinois, New York, and Georgia. MUFG Securities Americas Inc. is a registered securities dealer that engages in capital markets origination transactions, domestic and foreign debt and equity securities transactions, private placements, secured 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.

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based at Tokyo and with over 360 years of history, MUFG has a global network with over 2,700 locations in over 50 countries. The group has more than 180,000 employees and offers services such as commercial banking, trust banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most trusted financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our customers, serving society and promoting shared growth and sustainability for a better world. Shares of MUFG trade on the Tokyo, Nagoya, and New York scholarships.

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Press contacts:
Assaf Kedem
Phone. : 212-782-4926
E: [email protected]


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