NEW YORK--(EON: Enhanced Online News)--The Bank of Tokyo-Mitsubishi UFJ (BTMU) today announced that Jay M. Goldstone is joining as Managing Director in the Public Finance Group, U.S. Corporate Banking. In his role, Goldstone will be responsible for managing state and local government and not-for-profit clients and prospects, including the origination and structuring of lines of credit, direct loans and placements, standby bond purchase agreements and letter of credit. He will be based in Los Angeles and will report to Kevin Dunphy, Head of Public Finance at BTMU.
“We are thrilled that Jay has joined us. He brings a vast amount of experience in public finance”
Goldstone was recently the Chief Operating Officer and Chief Financial Officer for the City of San Diego, CA. He was appointed by the Mayor and confirmed by the City Council. He managed day-to-day operations of the City and was instrumental in the City’s financial recovery. Goldstone oversaw nearly 10,000 employees and a total annual operating and capital improvement budget of more than $2.7 billion. Goldstone was a Commissioner on the California Debt and Investment Advisory Commission and a former Board member and Chairman of the Municipal Securities Rulemaking Board (MSRB).
“We are thrilled that Jay has joined us. He brings a vast amount of experience in public finance,” said Dunphy. “Jay’s appointment reinforces the bank’s commitment to have a strong presence on the west coast as well as to make sure we are providing the best public finance solutions to our clients.”
Goldstone holds a Bachelor of Science degree from University of Minnesota and obtained his MBA from Santa Clara University, CA. He also earned a Master of Public Administration from Arizona State University.
About The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is Japan’s premier bank, with a global network spanning more than 40 countries. BTMU offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. In the Americas, BTMU has offices throughout the United States and in Canada, Mexico, and South America serving mainly corporate clients. BTMU’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG), is one of the world’s leading financial groups. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include BTMU, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms. MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE:MTU) stock exchanges.