Union Banktoday announced that Managing Director Kelly Wu has been named Asset-Based Lending (ABL) Origination Manager.Wu will be focused on developing the bank’s ABL business within the Regional Bank segment in California, Washington, and Oregon.He is based in Los Angeles and reports to Michael Murphy, Managing Director and Head of Asset-Based Lending.
“Asset-Based Lending is an important element of our broad product set, which enables us to provide financial solutions tailored to our clients’ needs,” said Murphy.“Kelly’s expertise in both ABL and commercial lending will be an important strength as we continue our efforts to grow our ABL business.”
Wu has more than 20 years of financial services industry experience.Most recently, he served as Commercial Banking Regional Manager at Union Bank, which he joined in August 2008.Prior to joining Union Bank, Wu spent 13 years working in asset-based lending, serving in a number of transactional and portfolio positions at both CIT Group and Congress Financial Corporation.He began his career in Ernst & Young’s Entrepreneurial Services Group where he was licensed as a Certified Public Accountant in California.
Active in the community, Wu is an advisory board member of the Asia Society of Southern California and serves as a corporate member of the Pacific Council on International Policy. He graduated cum laude and holds an accounting degree from California State University, Northridge and an MBA in investment finance from the University of Southern California, Marshall School of Business.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices across the United States.We provide a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers.We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services.With assets of $114.3 billion, as of September 30, 2015, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks.MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world’s largest financial organizations with total assets of approximately ¥284.9 trillion (JPY) or $2.3 trillion (USD)¹, as of June 30, 2015.The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company and MUFG Union Bank, is in New York City.The main banking office of MUFG Union Bank is in San Francisco, California.