IRVINE, Calif., Nov. 17, 2017 — Union Bank today announced the appointment of Brian Mulvaney as Managing Director and Regional Manager for Commercial Banking's Middle Market and Business Banking activities in Orange County. He is replacing Kjell Gronvold, who retires November 30.
Mulvaney is based in Irvine, reporting to Scott Connella, Managing Director, and Commercial Banking Market President for Southern California. He is responsible for executing all aspects of the bank's strategy to deliver a broad spectrum of commercial credit products to privately held, private-equity-owned, and public companies with annual revenues between $10 million and $1 billion.
With 25 years of financial services experience, Mulvaney joins Union Bank from Bank of America Merrill Lynch where he served as Market Manager for Orange County Global Commercial Banking – Middle Market. He also has significant prior investment banking experience with Orange County and Los Angeles-based firms.
“We are very excited to welcome Brian to Union Bank's Commercial Banking team,” said Connella. “Orange County is a very important market for us and we are committed to ensuring that its many successful commercial clients have access to the quality financial services expertise and advice that they have come to expect and appreciate from Union Bank.
“There is absolutely no doubt that Brian's deep familiarity with this market and his demonstrated success at serving the needs of its commercial banking clients will further reinforce our ongoing commitment to deliver an excellent experience to this important segment.”
Mulvaney earned a bachelor's degree from the University of Vermont and a Masters of Businesss Administration from the University of Southern California.
He sits on the boards of Forum for Corporate Directors, USC Marshall Partners, and the Orange County Lacrosse Association, and is Vice Chairman of the Rising Leaders Committee for the Segerstrom Center of the Arts.
He and his wife of 20 years have four daughters and have lived in Orange County for the past 25 years.
About Commercial Banking
The Commercial Banking Division at MUFG Union Bank, N.A focuses on companies on the West Coast with traditional Middle Market and Business Banking profiles, with annual revenues between $10 million and $1 billion. Commercial Banking offers a broad spectrum of commercial credit products including commercial loans and asset-based loans, in addition to a full array of traditional commercial banking products including treasury management, interest rate derivatives, foreign exchange, wealth management, trade finance services, global business, syndications, and more.
About MUFG Union Bank, N.A.
As of September 30, 2017, MUFG Union Bank, N.A. operated 361 branches, comprised primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York and Georgia, as well as 18 PurePoint Financial Centers and two international offices. 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 $118.6 billion, as of September 30, 2017, 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 ¥304.2 trillion (JPY) or $2.7 trillion (USD)1, as of June 30, 2017. 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.
1Exchange rate of 1 USD=¥112.0 (JPY) as of June 30, 2017
SOURCE Union Bank
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