The two US power and utilities groups will report to the newly established power & utilities leadership team, led by Grant Ahearn, head of specialized financial services, from Union Bank and including Jonathan Lindenberg, head of project finance for the Americas, from BTMU and John Edmonston, head of the power and utilities group, from Union Bank.
Mr Ahearn said: “We are very excited about this new direction and the combined expertise it will bring to all of our clients in the US. Both BTMU and Union Bank have extensive experience in structuring complex financings for power and utility clients. Customers will also benefit from the greater lending power of this alliance.
“Moving forward, our combined expertise in facilitating transactions, our solid reputation in the energy industry, and our ability to underwrite and syndicate large transactions should serve our customers very well. We will continue to consider how we can further work together to maximize our client services.”
Mr Lindenberg said: “We believe our power and utilities clients utilizing project finance will benefit from the greater market knowledge that the MUFG team will have.”
Mr Edmonston said: “Our intention is to further familiarize the market with the ‘MUFG’ brand. We expect that the unified efforts of BTMU and Union Bank will position us to achieve stronger results.”
