MUFG Expands Mortgage Backed Securities Trading Team


NEW YORK, June 22, 2021 / PRNewswire / – Mitsubishi UFJ Financial Group (MUFG) announced today that Jake Kaercher joined the company’s Mortgage Backed Securities trading team as Director, Securitized Products Trading.

Working closely with the team, Mr. Kaercher will be responsible for growing MUFG’s CMBS agency business 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 look to grow our MBS product line, Jake’s wealth of relevant industry expertise and in-depth knowledge of government sponsored companies have made him the right addition to our team.” Michael mccarthy noted. “We are delighted to have Jake on board.”

Mr. Kaercher joins MUFG with over 25 years of industry experience, including managing 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 title.

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

The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, have total assets of $ 331 billion at March 31, 2021. As part of this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, a bank holding company and an intermediary holding company, has total assets of 170 billion dollars at March 31, 2021. The main subsidiaries of MUAH 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, mid-market businesses and large corporations. From March 31, 2021, MUFG Union Bank, NA operated 309 branches, primarily retail bank 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 brokerage firm engaged in origination transactions in the capital markets, domestic and foreign debt and equity transactions, private placements, guaranteed 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 or 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. Based at Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,600 locations in over 50 countries. The Group has more than 180,000 employees and offers services such as commercial banking, fiduciary banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most reliable financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our clients, at the service of society and by fostering shared growth and sustainable for a better world. MUFG shares trade on the Tokyo, Nagoya, and New York scholarships.

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Press contact:
Oksana Poltavets
(518) 332-4173
[email protected]


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