MUFG announced Denis McHugh will join the company as Chief Risk Officer for MUFG Securities Americas Inc. and Market Risk Management Officer for MUFG Americas Holdings Corporation, effective Aug. 30.

McHugh will be based in New York and report to Brian Gunn, Chief Risk Officer for MUFG Americas Holdings Corporation, and Yasutaka Suehiro, Chief Executive Officer for MUFG Securities Americas Inc. He will also have matrixed reporting to Osamu Nakajima, International Chief Risk Officer for Mitsubishi UFJ Securities Holdings Co., Ltd.

In his new role, McHugh will be responsible for providing strategic direction for risk management for MUFG Securities Americas Inc. and overseeing all risk disciplines for that business. He will also be responsible for instituting sustainable risk programs across the material risk disciplines and aligning them with the regulatory expectations of our business lines. McHugh will also oversee market, liquidity, and interest rate risk management for MUFG Americas Holdings Corporation.

"Denis is a distinguished finance executive with vast experience in risk management and line of business oversight at large multinational banks, which uniquely positions him well for his new role at MUFG," said Gunn. "His firsthand knowledge of the global markets and securities industry will sharpen our view of risk management through a business lens."

McHugh has over 30 years of experience in both market risk management and capital and emerging markets at global financial institutions. Previously, he served as the Enterprise Head of Market Risk Management for BMO Financial Group, where he was also Capital Markets Chief Risk Officer, and Commerzbank AG. Prior to transitioning to risk management, McHugh held leadership positions overseeing markets, sales and trading, and structured finance businesses at firms that include Fortis Bank, ABN AMRO Bank, and Rabobank International. McHugh holds a B.A. in Economics from Washington University in St. Louis, MO.

Suehiro said, "With his deep expertise across diverse asset classes and market instruments, Denis will offer a valuable perspective that balances appropriate risk appetite and controlling our exposures with our business's revenue goals."