MUFG builds up ABS business

The securitized products business at Mitsubishi UFG Financial Group is set to grow with the addition of Yezdan Badrakhan as head of U.S. Esoteric Asset Backed Securities (ABS).

He will report to Tricia Hazelwood, international head of securitized products, working out of the New York office. The role will have his extending the firm’s reach to new asset classes and building upon the firm’s existing ABS underwriting platform.

The U.S. arm of Mitsubishi UFJ Financial Group (MUFG) has total assets of roughly $165 billion.

“His depth and breadth of . . .

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