MUFG Starts Americas Plane-Finance Unit Led by Trauchessec

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Mitsubishi UFJ Financial Group Inc., Japan’s largest bank, is expanding its aviation finance business into the Americas and hired Olivier Trauchessec to lead the push.

Trauchessec, who previously worked at BNP Paribas SA, will report to Lance Markowitz, head of leasing and asset finance in the Americas, the bank said in a statement Thursday.

“The addition of a New York-based business – responsible for activities across North America and South America – complements MUFG’s existing aviation finance hubs in Tokyo, Hong Kong, Singapore and London,” the company said.