Intrepid today announced that Rick Chance has joined the firm as a Managing Director and Head of Strategic Relationships. Intrepid is a subsidiary of MUFG Union Bank, a member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), the world’s 5th largest financial group. Rick will focus on building a dedicated coverage team and serving as a strategic resource to the Union Bank commercial and wealth management professionals and other key strategic partner channels, and act as a liaison to Intrepid’s industry and product investment bankers.
Since its founding in 2010, Intrepid has been committed to providing mergers and acquisitions and capital raising advisory services through dedicated industry practice groups that are focused on middle-market companies, including entrepreneurs and owners of privately-held companies, financial sponsors, and micro- to mid-cap public companies across a wide array of industries, including consumer products and services, healthcare, technology and digital media, business services, and industrials. In his new role, Rick will leverage Intrepid’s collective knowledge and capabilities for the benefit of clients of our partner channels. Rick has more than 25 years of mergers and acquisitions experience, working within large professional services organizations, collaborating with cross-functional teams, and partnering with external referral channels to bring the optimal financial solutions to clients.
“The addition of Rick to our team is a big win for our firm, our partner relationships, and our plans to build the highest quality, most active M&A advisory firm in the middle market,” said Ed Bagdasarian, CEO of Intrepid. “This new senior position is a major strategic milestone and sign of our commitment to grow our deal flow as we leverage our track record and new partnership with MUFG Union Bank.”
“Rick is a highly-respected investment banker in the community, recognized as a trusted advisor, with a wealth of relationships and keen strategic insights into driving cross-selling opportunities with partners,” said Bita Ardalan, Head of Commercial Banking at Union Bank. “We are delighted to welcome him to the team and look forward to deepening our client relationships leveraging his expertise and experience.”
“I am excited to be joining a firm that has an outstanding culture, reputation, and capabilities,” said Rick Chance, Managing Director and Head of Strategic Relationships at Intrepid. “Intrepid and MUFG’s shared focus on relationship building and always putting the client first is in perfect alignment with my personal and professional values.”
Rick’s extensive investment banking and relationship coverage experience includes serving as Managing Director at KPMG Corporate Finance for 14 years originating and executing transactions in the Consumer, Industrial and Business Services sectors and serving as Head of the Special Situations Advisory Group. Prior to KPMG, Rick worked at BDO Capital Advisors for nine years. He holds an MBA from the University of California, Los Angeles, and a Bachelor of Commerce degree from McGill University.
About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity, and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.
About MUFG Union Bank, N.A.
As of December 31, 2019, MUFG Union Bank, N.A. operated 349 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia. We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of our clients. We also offer an extensive portfolio of value-added solutions for clients, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $133.2 billion, as of December 31, 2019, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s largest financial organizations with total assets of approximately ¥314.4 trillion (JPY) or $2.9 trillion (USD)¹, as of December 31, 2019. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, Calif.
1 Exchange rate of 1 USD=¥109.6 (JPY) as of December 30, 2019