MUFG further strengthens its U.S. Macro Trading platform with a fixed income industry veteran hire
George Goncalves joins the bank as Head of U.S. Macro Strategy
NEW YORK, NY, (April 21, 2021) – Mitsubishi UFJ Financial Group ( MUFG ) announced today that George Goncalves has joined the firm as Head of U.S. Macro Strategy.
The addition of Mr. Goncalves builds on MUFG’s strategic expansion of its fixed-income platform . Within the past year, the bank hired Mitchell Nadel as a Co-Head of Flow Products, leading Macro Trading.
Mr. Goncalves will be reporting to John Karabelas, Head of Institutional Investor Sales for the Americas. Aligning Mr. Goncalves macro strategy expertise with the Flow Products platform will further drive MUFG’s business and client servicing. Mr. Goncalves' mandate will be to formulate U.S. Fixed Income views, market strategy thought leadership, and actionable trade ideas for clients.
“As we continue to reposition MUFG’s fixed income platform to better serve our institutional clients, and look to expand our connectivity to the Japanese market, we are excited to have George join our team,” said Mitchell Nadel, Co-Head of Flow Products, MUFG. “George’s strong reputation in the industry and experience in the U.S. and with Japanese investors, along with his thorough market-based views, will benefit our client franchise and the Bank.”
Additionally, Mr. Goncalves will work in tandem with Tom Joyce , Head of Capital Markets Strategy, to leverage synergies between the two teams to more tactically support clients.
An industry veteran of more than 20 years on the sell-side and buy-side, Mr. Goncalves spent nearly a decade at Nomura Securities, first as the chief U.S. Rates Strategist and later as the Head of Fixed Income Strategy for the Americas. Prior to that, Mr. Goncalves was the Head of Fixed Income Strategy at Cantor Fitzgerald and a senior research analyst at both Morgan Stanley and Bank of America. Mr. Goncalves started his career in the Fixed Income markets on the buy side at the formerly known Merrill Lynch Asset Management division in institutional separate accounts, analyzing and co-managing portfolios of Treasuries, short-term credit and mortgage-backed securities as an assistant portfolio management analyst.
About Mitsubishi UFJ Financial Group, Inc.’s U.S. Operations including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $344 billion at December 31, 2020. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company, and intermediate holding company, has total assets of $168 billion at December 31, 2020. MUAH’s main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of December 31, 2020, MUFG Union Bank, N.A. operated 348 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, domestic and foreign debt and equities securities transactions, private placements, collateralized 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 www.unionbank.com or www.mufgamericas.com 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. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 2,600 locations in more than 50 countries. The Group has over 180,000 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 of 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.
For more information, visit https://www.mufg.jp/english