NEW YORK--(BUSINESS WIRE)--Mitsubishi UFJ Financial Group, Inc. (MUFG – NYSE: MTU), one of the world’s leading financial groups, announced that Roderick L. Fraser has joined MUFG as Managing Director in the Latin America Corporate and Investment Banking Group (LACIB). He will be responsible for the bank’s Oil & Gas and Petrochemicals activities in Latin America at MUFG Union Bank.
“The oil & gas industry in Latin America has attracted increased investment interest on the part of many of our clients around the region and the globe. Latin America is home to several of the world’s largest discoveries in recent years; the economic climate has continued to improve in most countries of the region; and investment opportunities have opened much wider as sweeping legal reforms take hold. Rod’s experience makes him an essential addition to our team as we seek to position ourselves for these changes, to elevate strategic dialogue with our clients and to continue to support their initiatives,” said David Gruppo, Head of LACIB. “Since we have a global reach, with deep local roots across Latin America, we are thrilled to welcome Rod with his great understanding of Latin America and the global oil & gas industry” said David Gruppo, head of LACIB.
Fraser is a production engineer and his background includes industry roles with Amoco, Esso, and Fuel Resources. Most recently he was a strategic advisor and an independent oil & gas investment banker serving investment banks, private equity funds and hedge funds. Before that he was at Standard Bank of South Africa as a Managing Director and Global Head of Oil & Gas. Prior to that position he was with WestLB as Managing Director and Head of Oil and Gas for the Americas and Managing Director and Head of Oil and Gas for Latin America at JP Morgan Chase. Fraser sits on several oil and gas company boards as a non-executive director.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial, retail banking and wealth management solutions to meet the needs of customers. The bank also offers an extensive portfolio of value-added solutions for customers, including investment banking, personal trust, capital markets, global treasury management, transaction banking and other services. With assets of $108.8 billion (USD), as of June 30, 2014, the bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world’s largest financial organizations with total assets of approximately ¥259 trillion (JPY) or $2.5 trillion (USD)1, as of June 30, 2014. MUFG Americas Holdings Corporation, the financial holding company and MUFG Union Bank, N.A. have corporate headquarters in New York City.
1 Exchange rate of USD=¥101.36 (J-GAAP) as of June 30, 2014