Denis McHugh appointed chief risk officer for MUFG Securities Americas Inc. and chief market risk officer for MUFG Americas Holdings Corporation
NEW YORK, August 1, 2022 /PRNewswire/ — MUFG, one of the world’s leading financial groups, today announced that Denis McHugh will join the company as Chief Risk Officer for MUFG Securities Americas Inc. and Market Risk Management Officer for MUFG Americas Holdings Corporation, effective August 30, 2022.
Mr. McHugh will be based in New York and report to Brian GunnChief Risk Officer for MUFG Americas Holdings Corporation, and Yasutaka SuehiroCEO of MUFG Securities Americas Inc. He will also have matrix reports to Osamu NakajimaGlobal Risk Manager for Mitsubishi UFJ Securities Holdings Co., Ltd.
In his new role, Mr. McHugh will be responsible for providing strategic direction for risk management for MUFG Securities Americas Inc. and overseeing all risk disciplines for this business. He will also be responsible for establishing sustainable risk management programs across all material risk disciplines and aligning them with the regulatory expectations of our business lines. Mr. McHugh will also oversee market, liquidity and interest rate risk management for MUFG Americas Holdings Corporation.
“Denis is a distinguished financial executive with extensive experience in risk management and line of business oversight at large multinational banks, which uniquely positions him for his new role at MUFG,” Mr. Gunn said. “His first-hand knowledge of global markets and the securities industry will sharpen our view of risk management from a business perspective.”
Mr. McHugh has over 30 years of experience in market risk management and financial and emerging markets at global financial institutions. Previously, he served as Business Head of Market Risk Management for BMO Financial Group, where he was also Head of Risk Management, Capital Markets, and Commerzbank AG. Prior to moving into risk management, Mr. McHugh held senior positions overseeing markets, sales and trading, and structured finance activities in businesses that include Fortis Bank, ABN AMRO Bank and Rabobank International. Mr. McHugh holds a bachelor’s degree in economics from University of Washington in St. Louis, Missouri.
Mr. Suehiro said, “With his deep expertise in various asset classes and market instruments, Denis will provide valuable insight that balances appropriate risk appetite and control of our exposures with our revenue objectives. company. »
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 $332.4 billion at March 31, 2022. Within this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. 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 March 31, 2022, MUFG Union Bank, NA operated 297 branches, consisting primarily of retail banking branches in the West Coast states. 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, Mexicoand Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.
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