Mitsubishi UFJ Financial Group selected Bill Davidson to lead the newly established Global Technology Sector as part of the bank’s Global Corporate and Investment Banking (GCIB) group.

Davidson, a managing director, will be responsible for expanding a global team of technology bankers, all of whom will be focused on deepening existing relationships and increasing MUFG’s roster of clients in the sector. The bank currently maintains relationships with more than 175 technology clients around the world, of which roughly two-thirds are based in the U.S.

The new global role took effect on June 1, 2018. Based in San Francisco, Davidson will continue as head of the U.S. Technology Banking team within MUFG’s U.S. Wholesale and Investment Banking (USWIB) group.

In his expanded position, Davidson reports to Randall Chafetz, managing executive officer of GCIB, and Kevin Cronin, head of USWIB.

“By selecting Bill to lead this group, our technology-sector clients will gain the benefit of a seasoned banking professional whose keen insights on the global tech industry translate into his ability to deliver useful and innovative financing solutions,” said Chafetz.

Since joining MUFG in 2012, Davidson has overseen the bank’s growing technology banking franchise in the U.S., which serves clients across the full spectrum of industry sub-sectors. The bank is now one of the U.S. technology sector’s largest foreign lenders.

Under Davidson, MUFG placed third by deal count and fifth by volume in Dealogic’s year-to-date 2018 U.S. Investment Grade Bond Bookrunner rankings for the technology sector, and sixth by volume in Thomson One’s 2017 U.S. Investment Grade Loan Bookrunner league table.

Cronin said: “Bill’s leadership capabilities and accomplishments while managing the U.S. Technology Banking group make him a natural choice to lead MUFG’s effort to expand and enhance this critical sector on a global basis.”