MUFG hires ex-UBS, SVB directors for healthcare finance arm

The hires strengthen MUFG’s middle market healthcare businesses.

Mitsubishi UFJ Financial Group has made two new senior hires for its healthcare finance business.

Mehul Patel has been appointed the managing director and head of Middle Market Healthcare Sponsor Finance. He is tasked with expanding MUFG’s reach in the middle market healthcare sector, the bank said in a press release.

Patel joins from Citizens Financial Group, where he was managing director in the Healthcare Middle Market, Financial Sponsors, and Leveraged Finance Group.

Patel has also spent 4 years at UBS Investment Bank as director in the Healthcare, Financial Sponsors, and Leveraged Finance group.

Gilroy D’Souza, meanwhile, joins MUFG as managing director and corporate banking credit head of healthcare. D’Souza is responsible for approving credit recommendations across legacy, mid-corporate, and middle market healthcare businesses.

D'Souza joins MUFG from Silicon Valley Bank, where he was managing director and credit risk manager. Before his stint in SVB, D’Souza spent 7 years at Morgan Stanley.

Earlier this week, MUFG appointed a new deputy president for its China operations.