MUFG appoints new managing director to spearhead aviation financing in Asia

Darren Wood
By Darren Wood November 22, 2019 11:14

MUFG appoints new managing director to spearhead aviation financing in Asia

MUFG Bank (MUFG) has announced the appointment of Marilyn Gan as managing director and head of origination, Asia Pacific Aviation.

In the role, Gan will oversee the strategic growth of MUFG’s aviation financing portfolio in the region, which falls under the aviation, shipping & transportation finance department within the bank’s Asian Investment Banking Division (AIBD).

Gan officially takes on the role with immediate effect and will be based in Singapore, reporting to Masayuki Fujiki, head of AIBD. In the role, Gan brings over 20 years of experience in the aviation and banking sectors to MUFG, most of which was cultivated with DVB where she last held the position of Regional Head of Aviation Finance for Asia Pacific. She joined DVB in 2006 and has since led various regional teams in the Asia Pacific and Europe, Middle East and Africa (EMEA) regions to develop new markets and the bank’s lending platform. Under her leadership, DVB Singapore was awarded the APAC Bank of the Year 2017 by Airline Economics.

MUFG says that aviation finance is a key growth pillar for the group, with the successful acquisition of DVB Bank SE’s (DVB) aviation finance lending business including its client portfolio valued at €4 billion, MUFG says it has underscored the importance of the aviation sector to its global corporate banking business and has substantially scaled up its ability to deepen its foothold not only in Asian aviation, but to connect regional industry clients to its worldwide network.

Richard Yorke, head of global corporate & investment banking for Asia Pacific, said: “We are excited to welcome Marilyn to the MUFG family. MUFG’s investment in its global aviation finance platform reflects our focus on adopting an industry-focused approach in growing our corporate banking business. With Marilyn’s wealth of experience and know-how in this field, I am confident she will play a pivotal role in elevating MUFG’s standing in the aviation sector in Asia.”

Darren Wood
By Darren Wood November 22, 2019 11:14