Phillip W. Thompson has joined MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Vice President Business Development. Thompson comes to MULR from his most recent role as a Director in the Capital Markets group of Trinity Rail, where during eight years he held various roles in finance, strategy, capital markets and services. In his new role at MULR, Thompson is responsible for investment and services strategy, portfolio management and general management activities.
“Phil is a key addition to the MULR team,” said MULR CEO J.T. Sharp. “He is financially astute, and has an entrepreneurial mindset with solid overall perspective on the rail marketplace. In keeping with all my MULR colleagues, Phil is a high integrity, customer-focused executive who will help guide the further growth of MULR as a premier rail leasing platform.”
Thompson joins railcar industry veterans Ted Baun (formerly with FreightCar America) and Tom Clark (formerly with GATX) as recent additions to MULR’s executive management team.
MULR, based in Portland, Ore., describes itself as “an emergent power in the North American railcar leasing and management business, offering best-in-class asset management capabilities combined with a uniquely experienced and talented team dedicated to customer solutions. MULR offers a complete railcar leasing solution set with railcar asset management, regulatory support, specialized services and leasing products that provide customers with the options they need.”
Mitsubishi UFJ Lease & Finance Company Limited (MUL) is a global leasing company headquartered in Tokyo, Japan. MUL, incorporated in April 1971, focuses on leasing, installment sales, various types of financing and international business.Principal shareholders are Mitsubishi Corporation and Mitsubishi UFJ Financial Group, Inc. MUL is publicly listed on the Tokyo Stock Exchange (TSE:8593) and the Nagoya Stock Exchange (NSE:8593). MUL describes itself as “one of the industry’s leading companies, whose business extends beyond conventional leasing and finance, with the company offering a wide variety of services including eco- and energy-related services, real estate, medical and long-term care services, overseas market-entry support, used equipment trading business and global asset business.”