MUFG Expands Mortgage-backed Securities Trading Team



NEW YORK, June 22, 2021 / PRNewswire / – Mitsubishi UFJ Financial Group (MUFG) announced today that Jake Kercher Joined the team of a mortgage-backed securities trading firm as director of trading in securitized products.

Working closely with the team, Mr. Kercher will be responsible for MUFG’s CMBS business development, including Freddie K Multifamily Securities (FHMS), Freddie Small Balance Multifamily (FRESB), Freddie Tax Exempt (FRETE), Delegated Underwriting and Fannie Mae ( DUS), Alternative Credit Enhancement Securities (ACES), Fannie Mae Guaranteed Multifamily Structures (GEMS), and Ginnie Mae Project Loans. He will report Michael McCarthy, Head of MBS and Securitized Products Trading, and will be based in New York

“As we strive to build our MBS product suite, Jake’s extensive industry experience and deep knowledge of government-funded enterprises made him the right addition to our team.” Michael McCarthy said. “We’re delighted to have Jake on board.”

Mr. Kercher joined MUFG with over 25 years of industry experience, including Multifamily agency experience with Piper Sandler, Stifel Nicolaus and Merrill Lynch. In addition, he played a key role in the design and implementation of the first tax-exempt multi-family security system for low-income families.

About Mitsubishi UFJ Financial Group, Inc. in the USA, including MUFG Americas Holdings Corporation

Total assets of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups in the United States, is $ 331 billion in March 31, 2021… Within this total, the combined assets of MUFG Americas Holdings Corporation (MUAH), a financial holding company, a bank holding company, and an intermediate holding company, are $ 170 billion in March 31, 2021… The main subsidiaries of MUAH are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, mid-market companies and large corporations. As of March 31, 2021, MUFG Union Bank, NA operated 309 branches, consisting primarily of retail banking branches in the West Coast states, as well as commercial branches in Texas, Illinois, New York, as well as Georgia

MUFG Securities Americas Inc. is a registered securities broker who engages in capital market transactions, domestic and foreign debt and equity transactions, securities transactions, secured private placements, and securities lending and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a 100% subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, as well as Canada… Visit or for more information.

About MUFG (Mitsubishi UFJ Financial Group, Inc.)
About MUFG Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the leading financial groups in the world. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network of about 2,600 offices in over 50 countries. The Group employs over 180,000 people and offers services including commercial banking, fiduciary banking, securities, credit cards, consumer finance, asset management and leasing. The Group strives to become “the most trusted financial group in the world” through close collaboration between our operating companies and flexible response to all financial needs of our clients, serving the community and promoting joint and sustainable growth for a better world. MUFG shares are traded on Tokyo, Nagoya, as well as New York stock exchanges.

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Press Contacts:
Oksana Poltavets
(518) 332-4173
[email protected]


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