MUFG Launches Aviation Finance Business in the Americas, Hires Industry Expert Olivier Trauchessec to Head New Group
27 October 2016 - 8:14AM
Business Wire
New York-based Team to Complement MUFG’s
Existing Aviation Finance Platform
Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s
leading financial institutions, today announced it is starting an
aviation finance business in the Americas, and that long-time
industry expert, Olivier Trauchessec, has been hired as a
Managing Director to lead the effort.
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Olivier Trauchessec (Photo: Business
Wire)
Mr. Trauchessec, who joins MUFG after a long career at BNP
Paribas, will report to Lance Markowitz, Group Head of
Leasing and Asset Finance in the Americas, a unit of MUFG’s
Investment Banking & Markets group (IB&M).
MUFG’s global Aviation Finance Group provides solutions for
clients interested in aircraft acquisition and its relevant
financing needs. The addition of a New York-based business –
responsible for activities across North America and South America –
complements MUFG’s existing aviation finance hubs in Tokyo, Hong
Kong, Singapore and London.
“With the launch of this group to cover the Americas, MUFG now
has a truly global aviation team, capable of seamlessly delivering
financial solutions for clients in any corner of the world,” said
Johannes (Johs) Worsoe, Head of IB&M for the
Americas.
Mr. Markowitz added: “MUFG’s clients will also benefit from our
hiring of Olivier Trauchessec, one of the industry’s most
accomplished aviation finance bankers. Olivier’s knowledge and
experience in this asset class is unique, and I am confident he
will yield immediate value for our clients.”
Most recently, Mr. Trauchessec was a Managing Director in charge
of global origination and structuring for aircraft finance
transactions at BNP Paribas, where he began his career in 1994. As
head of the bank’s New York-based aviation desk for the Americas,
which he created in 2000, Mr. Trauchessec was responsible for the
product coverage of airlines and aircraft leasing companies, in
addition to all aviation finance activities.
About MUFG Americas Holdings Corporation
Headquartered in New York, MUFG Americas Holdings Corporation is
a financial holding company and bank holding company with total
assets of $151.1 billion at September 30, 2016. Its main
subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas
Inc. MUFG Union Bank, N.A. provides an array of financial services
to individuals, small businesses, middle-market companies, and
major corporations. As of September 30, 2016, MUFG Union Bank,
N.A. operated 366 branches, comprised primarily of retail banking
branches in the West Coast states, along with commercial branches
in Texas, Illinois, New York and Georgia, as well as two
international offices. MUFG Securities America Inc. is a registered
securities broker-dealer which engages in capital markets
origination transactions, private placements, collateralized
financings, securities borrow and loan transactions, and domestic
and foreign debt and equities securities transactions. MUFG
Americas Holdings Corporation is owned by The Bank of
Tokyo-Mitsubishi UFJ, Ltd. and Mitsubishi UFJ Financial Group,
Inc., one of the world’s leading financial groups. The Bank of
Tokyo-Mitsubishi UFJ, Ltd. is a wholly-owned subsidiary of
Mitsubishi UFJ Financial Group, Inc. Visit www.unionbank.com or
www.mufgamericas.com for more information.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the
world’s leading financial groups, with total assets of
approximately ¥298.2 trillion (JPY) or $2.9 trillion (USD)¹ as of
June 30, 2016. Headquartered in Tokyo and with approximately 350
years of history, MUFG is a global network with about 1,200 offices
in nearly 50 countries. The Group has more than 140,000 employees
and about 300 entities, offering services including commercial
banking, trust banking, securities, credit cards, consumer finance,
asset management, and leasing. The Group’s operating companies
include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and
Banking Corporation (Japan’s leading trust bank), and Mitsubishi
UFJ Securities Holdings Co., Ltd., one of Japan’s largest
securities firms. Through close partnerships among our operating
companies, the Group aims to “be the world’s most trusted financial
group,” flexibly responding to all of the financial needs or 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 (NYSE: MTU) stock exchanges. Visit
www.mufg.jp/english/index.html.
1 Exchange rate of 1 USD=¥102.91 (JPY) as of June 30, 2016
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Mitsubishi UFJ Financial Group, Inc.Lauren Sambrotto,
+1-212-782-4909lsambrotto@us.mufg.jp
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