Mitsubishi UFJ Financial Adds to CMBS Trading Team


Mitsubishi UFJ Financial Group (MUFG) says Jake Kaercher has joined the firm’s mortgage-backed securities trading team as a director, securitized product trading.

Kaercher will be responsible for growing MUFG’s agency commercial mortgage-backed securities (CMBS) businesses, including Freddie K Multifamily securities (FHMS), Freddie Small Balance Multifamily (FRESB), Freddie Tax Exempt (FRETE), Fannie Mae Delegated Underwriting and Servicing (DUS), Alternative Credit Enhancement Securities (ACES), Fannie Mae Guaranteed Multifamily Structures (GEMS) and Ginnie Mae Project Loans.

“As we’re looking to build out our MBS product suite, Jake’s wealth of relevant industry expertise and deep familiarity with government sponsored enterprises made him the right addition to our team,” says Michael McCarthy, head of MBS and securitized products trading.

Kaercher joins MUFG with more than 25 years of industry experience, including time running the agency multifamily business at Piper Sandler, Stifel Nicolaus and Merrill Lynch. In addition, he played a key role in the development and creation of the first Tax-Exempt Low-Income Multifamily Security.

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