MUFG hires Mullboccus to head Asia equity lending 06 September 2023UK Reporter: Carmella Haswell
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Mitsubishi UFJ Trust & Banking Corporation has appointed Reshad Mullboccus as executive director and head of Asia equity lending.
Based in London, Mullboccus will join the global securities lending solutions team.
Mullboccus brings more than 18 years of industry experience to the role. He joins the Japanese bank from an eight-year tenure at HSBC where he was most recently global head of product management for agency securities lending.
Mullboccus held a number of senior positions during his time with the bank, first joining HSBC’s Hong Kong office in March 2015 as head of Asia trading for agency securities lending.
Prior to this, he spent eight years with Mitsubishi UFJ Trust International as a securities lending trader. He began his career at Merrill Lynch, where he took on the role of global equity finance trade support.
Commenting on the announcement, Tim Smollen, global head of global securities lending solutions at MUFG, says: “We are excited to welcome Reshad to our London team, with the responsibility for taking our Asian equity lending desk and capabilities to the next level.
“We see more of our global clients increasing their equity allocations to the Asian markets. At the same time, our Asian based clients are heavily weighted to Asian equities. We feel fortunate to be able to hire Reshad who comes in with significant experience on both the trading and product side of Asian lending. Having lived in the region for more than five years, Reshad also brings familiarity with the culture to our firm.”
In an online statement, Mullboccus says: “I am incredibly excited to be part of a business and team that is investing and growing with a global focus on all asset classes. Having spent several years of my earlier career with another part of MUFG, this is indeed somewhat of a homecoming for me.
“I always had a great appreciation and respect for the Japanese approach to business focusing on clients, exceptional service and risk management. So pleased to be back!”
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