Mitsubishi UFJ Financial Group (MUFG) announced that Ray Barretto has joined the firm as a Director and Head ABS Trader. Based in New York, Ray reports to Michael McCarthy, Head of Macro Trading. He will be responsible for building out MUFG's ABS trading platform with a specific focus on growing the esoteric business, and looking to increase the bank's market share in the flow ABS space.

Prior to joining the bank, Ray was a Vice President in ABS Secondary Trading at Barclays. Ray started his career in the Global Technology Services unit at Lehman, giving him a unique understanding of the front- and back-office relationship.