MUFG continues build-out in the middle market space

Rhea-AI Summary

Mitsubishi UFJ Financial Group (NYSE: MUFG) has announced the hiring of two senior bankers to expand its middle market and mid-corporate capabilities within the Healthcare Finance business. Mehul Patel joins as Managing Director and Head of Middle Market Healthcare Sponsor Finance, focusing on expanding MUFG's reach in the middle market healthcare sector. Gilroy D'Souza joins as Managing Director and Corporate Banking Credit Head of Healthcare, responsible for approving credit recommendations across various healthcare businesses.

These key hires reaffirm MUFG's continued investment in the Healthcare Finance platform, aiming to better serve middle market, mid-corporate, and sponsor clients. Both executives bring extensive experience in their respective fields, with Patel previously working at Citizens Financial Group and UBS Investment Bank, and D'Souza coming from Silicon Valley Bank and Morgan Stanley.

Positive

• Expansion of middle market and mid-corporate capabilities in Healthcare Finance
• Hiring of experienced senior bankers to drive growth and innovation
• Strengthening of credit management and healthcare sector expertise

Negative

• None.

Two seasoned executives join Healthcare Finance team to drive growth and innovation

NEW YORK, July 16, 2024 /PRNewswire/ -- Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of two senior bankers with specialized experience who will be responsible for expanding the bank's middle market and mid-corporate capabilities within the Healthcare Finance business.

Mehul Patel has joined the firm as Managing Director and Head of Middle Market Healthcare Sponsor Finance. He will be focused on expanding MUFG's reach in the middle market healthcare sector. Patel reports to Allen Fisher, Global Head of Healthcare Banking.

Gilroy D'Souza has joined MUFG as Managing Director and Corporate Banking Credit Head of Healthcare. In this position, he will be responsible for approving credit recommendations across legacy, mid-corporate, and middle market healthcare businesses. D'Souza reports to Ken Austin, Deputy Chief Credit Officer.

"We are excited to welcome Mehul and Gilroy to our Healthcare Finance team," said Jon Lindenberg, Head of Global Corporate & Investment Banking for the Americas at MUFG. "These key hires reaffirm our continued investment in the platform as we remain focused on serving our middle market, mid-corporate, and sponsor clients."

"Gilroy's many years of credit management experience as well as extensive product knowledge paired with Mehul's deep understanding of the healthcare services space in addition to his longstanding industry relationships make them invaluable additions to our team," said Allen Fisher, Global Head of Healthcare Finance at MUFG.

Before joining MUFG, Patel served as Managing Director in the Healthcare Middle Market, Financial Sponsors, and Leveraged Finance group at Citizens Financial Group. Prior to that, he spent four years at UBS Investment Bank as a Director in the Healthcare, Financial Sponsors, and Leveraged Finance group.

D'Souza joins MUFG from Silicon Valley Bank, where he was Managing Director and Credit Risk Manager. Prior to that, D'Souza spent seven years at Morgan Stanley, where he held positions within various teams including Technology and Healthcare; and Technology, Media and Telecom.

Press contact:
Meghan Carbone
T: +1-908-894-0573
meghan.carbone@mufgsecurities.com

About MUFG and MUFG Americas
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 approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 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 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.

MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.

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SOURCE MUFG Bank, Ltd.

FAQ

Who are the new hires at MUFG's Healthcare Finance team?

MUFG (NYSE: MUFG) has hired Mehul Patel as Managing Director and Head of Middle Market Healthcare Sponsor Finance, and Gilroy D'Souza as Managing Director and Corporate Banking Credit Head of Healthcare.

What is MUFG's strategy for the Healthcare Finance business?

MUFG is expanding its middle market and mid-corporate capabilities within the Healthcare Finance business, focusing on serving middle market, mid-corporate, and sponsor clients.

What are the roles of the new executives at MUFG?

Mehul Patel will focus on expanding MUFG's reach in the middle market healthcare sector, while Gilroy D'Souza will be responsible for approving credit recommendations across various healthcare businesses.

Where did the new MUFG executives work before joining the company?

Mehul Patel previously worked at Citizens Financial Group and UBS Investment Bank, while Gilroy D'Souza comes from Silicon Valley Bank and Morgan Stanley.