MUFG Securities has hired John Karabelas as the head of institutional investor sales for the US, in a bid to enhance its buy-side client base in the Americas.
Karabelas joins the Japanese broker from Kildonan Castle Asset Management, a New York-based hedge fund where he most recently head of business development.
He also previously led North American credit sales at BNP Paribas, and also served as head of investment grade credit sales and structured credit at Deutsche Bank.
“John’s leadership skills and industry knowledge will play a critical role in propelling MUFG’s client-first strategy, so we can support our institutional clients in meeting their goals through the provision of relevant high-quality products, services and solutions,” said Paul Lavelle, global head of institutional investor sales, MUFG.
Karabelas will report to both Lavelle and Bill Mansfield, CEO of MUFG Securities Americas.
The appointment is the latest for MUFG’s sales team following its a senior managerial reshuffle. Most recently, it promoted Mike McCabe as head of sales, product and marketing globally.
McCabe replaced John Sergides, who previously served as global head of sales and marketing, who was named co-CEO of MUFG Investor Services last month.