Mitsubishi UFJ Financial Group (MUFG) hired Ray Barretto as director and head ABS Trader, reporting in the New York office to Michael McCarthy, head of macro trading.
He will be responsible for building out MUFG’s ABS trading platform with a set focus on growing the business and looking to increase the bank’s market share in the flow ABS space.
Prior to joining MUFG, Barretto was a vice president in ABS Secondary Trading at Barclays. He began his career in the Global Technology Service unit at Lehman, giving him a unique understanding of the front- and back-office relationship, officials said.
“Ray’s experience in trading consumer and esoteric asset-backed securities and establishing core relationships with top-tier asset managers, insurance companies, and hedge funds, will help support our ambitious FY 2022 business goals,” said McCarthy.