Finance

MUFG hires former Nomura fixed income strategist as it ramps up its leveraged finance unit in the US

  • MUFG has hired George Goncalves to lead its macro fixed income strategies in the US.
  • He joins from rival Japanese firm Nomura where he worked for nine years.
  • Goncalves’ hire is part of a series by MUFG as it seeks to grow its fixed income offering.
  • See more stories on Insider’s business page.

MUFG has hired George Goncalves as head of its US macro strategy, a move aimed at strengthening the bank’s fixed-income platform.

Goncalves joins MUFG after nine years at rival Japanese financial institution Nomura, which he left in 2019. He was most recently head of fixed income strategy for the Americas, a spokesperson for MUFG told Insider on Wednesday.

In the new role, New York City-based Goncalves will focus on forming views on macro strategies for fixed income views, market strategies, and trading ideas.

He will report to John Karabelas, MUFG’s head of institutional investor sales for the Americas, the spokesperson said.

Goncalves’ appointment comes after MUFG launched its capital markets strategy group last October. His hire seeks to bolster the group’s ability to advise the bank’s clients on macroeconomic developments impacting the capital markets.

Historically, MUFG has stuck to dealmaking in investment grade markets, but a string of new hires over the last year has seen it increase its presence in US leveraged finance capital markets and sales and trading in the secondary market.

Senior bankers Michael Klein, Keith Murray, and John Timoney recently joined MUFG to heighten its private-equity coverage and direct lending to corporate clients, Insider reported last month.

This week, the bank launched a $375 million leveraged loan for CPV Maryland, the owner of the CPV St. Charles Energy Center, a natural gas-fired power generating facility in Charles County, Maryland.

The power plant is equally-owned by wholly-owned subsidiaries of CPV Power Holdings and Japan’s Marubeni, Osaka Gas, and Toyota Tsusho Corp.

MUFG is leading the deal alongside BNP Paribas, Credit Agricole, and Mizuho.

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