Mitsubishi UFJ Financial Group, the largest bank in Japan, announced the appointment of Denis McHugh as chief risk officer for MUFG Securities Americas and market risk management officer for MUFG Americas Holdings, effective Aug. 30.
In his new role, McHugh will be responsible for providing strategic direction for risk management for MUFG Securities Americas 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 regulatory expectations and will oversee market, liquidity, and interest rate risk management for MUFG Americas Holdings.
McHugh will be based in New York and report to Brian Gunn, chief risk officer for MUFG Americas Holdings, and Yasutaka Suehiro, chief executive for MUFG Securities Americas. He will also have matrixed reporting to Osamu Nakajima, international chief risk officer for Mitsubishi UFJ Securities Holdings.
With more than 30 years of experience in both market risk management and capital and emerging markets, McHugh previously served as the enterprise head of market risk management for BMO Financial. He also held the role of capital markets chief risk officer at BMO Financial 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.