MUFG's US hiring spree continues with senior junk-bond hire from Goldman Sachs

  • MUFG has hired a banker from Goldman Sachs as part of its US credit buildout.
  • Ryan Munro is joining MUFG as head of leveraged finance syndicate in the Americas. 
  • The Japanese bank has made a slew of hires in the past year to win market share in the US. 
  • Visit the Business section of Insider for more stories.

MUFG has filled another senior role in its junk-bond finance roster as it continues its quest to win more of the US market.

The Japanese bank has hired Ryan Munro as its head of leveraged finance syndicate in the Americas, according to a memo seen by Insider. Munro, previously a VP at Goldman Sachs in the leveraged finance and syndicate group, will start in April and report to Brian Cogliandro, head of debt syndicate for the Americas.

MUFG spokesman Assaf Kedem confirmed the hire and the contents of the memo. A Goldman Sachs spokeswoman declined to comment.

Munro, who previously held roles at UBS, Royal Bank of Scotland, and JPMorgan, covered natural resources, ESG, green, and middle market leveraged finance at Goldman, according to his LinkedIn bio. He’ll manage syndication and capital markets for all of leveraged loans and high-yield bonds in his new role. 

Munro’s hire comes shortly after the addition of Todd Bondy, a senior RBC junk-bond trader who was poached last month from RBC to run high-yield trading at MUFG. 

MUFG has been on a spree of senior hires as it invests in its US business, a key growth initiative for the firm. 

At the start of 2020 the firm hired Tim Fischer, a Deutsche Bank high-yield veteran, as head of US leveraged finance sales. He filled out his team with two director hires in the spring. 

In the summer, the bank brought on two new coheads of flow product trading, hiring Steven Feinberg away from Deutsche Bank as head of credit trading and Mitchell Nadel, a 10-year Morgan Stanley veteran and experienced rates trader, as head of macro trading.

Raj Kapadia, a 25-year JPMorgan veteran, joined the firm as international head of capital markets in January. 

“With multiple decades of capital-markets experience—in the leveraged-finance space in particular—Todd and Ryan round out our platform,” Kapadia said in the memo announcing the hires of Bondy and Munro. “Their addition is a cornerstone for MUFG in becoming a top corporate-banking debt house in the Americas across the credit spectrum through our full-lifecycle business model—from origination to distribution and secondary trading.”

The bank last month announced a new CEO for its US business. Kevin Cronin, the head of MUFG’s corporate and investment bank in the Americas, will take the reins at the end of the bank’s fiscal year on March 31. 

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