Mitsubishi UFJ Financial Group hired Timothy Fischer as managing director, head of U.S. Leveraged Finance Sales. Based in New York, Fischer will begin on January 21 and report to John Karabelas, MUFG’s Head of Institutional Investor Sales in the Americas.

In this newly created role, Fischer will be responsible for leading distribution of leveraged loans and high-yield bonds in partnership with the bank’s Capital Markets team.

“With more than 25 years of both sales and trading experience in this space, Tim brings the institutional relationships and gravitas to expand our leveraged finance platform,” said Karabelas. “His hire will also support our full-lifecycle business model—from origination to distribution and secondary trading—and help us progress toward becoming a top corporate-banking debt house in the Americas across the credit spectrum.”

Fischer joined from Deutsche Bank, where he was managing director of Leveraged Credit Sales. Previously he was the head of High Yield Trading at both Deutsche Bank and Lehman Brothers.