Katsumi Hatao Appointed New Chief Executive Officer for the Americas; Masashi Oka to Become Executive Chairman Business Wire NEW YORK & SAN FRANCISCO -- May 14, 2014 Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, today announced that effective July 1, 2014, Katsumi Hatao will become Chief Executive Officer for the Americas overseeing The Bank of Tokyo-Mitsubishi UFJ (BTMU) and Union Bank, N.A. which coincides with the combined U.S. banking operations under the new name MUFG Union Bank, N.A. He will also hold the positions of President and CEO both of MUFG Americas Holding Corporation and MUFG Union Bank, N.A. All of BTMU’s Americas banking activities, including the new unified U.S. organization, will be overseen by the newly named MUFG Americas Holdings Corporation (formerly UnionBanCal Corporation). MUFG also announced today that the current CEO for the Americas, Masashi Oka, has been appointed as Executive Chairman for MUFG Americas Holdings Corporation and MUFG Union Bank, N.A. “Katsumi will provide solid leadership and continuity as MUFG pursues strong growth in the Americas,” said Nobuyuki Hirano, MUFG CEO. “We have a particularly strong U.S. leadership team, customer base and franchise system, and with Katsumi’s leadership we aim to become one of the top 10 financial groups in the U.S., bringing MUFG’s global resources within arm’s reach of our customers throughout the hemisphere,” Mr. Hirano said. “Masashi’s exceptional efforts as CEO of Union Bank, and BTMU CEO for the Americas, have led to a strong foundation and stable platform for growth. We’re pleased he will continue as Executive Chairman to provide support to Katsumi during this transition, and guidance to the enterprise as a whole going forward.” Since May 2012, Mr. Hatao has been Deputy CEO for the Americas and Chief Executive of Headquarters for the Americas of BTMU, a wholly-owned commercial banking subsidiary of MUFG. Prior to this, he was Deputy Chief Executive of the Global Business Unit of BTMU. He also held the titles of General Manager of the Global Planning Division for BTMU, and General Manager of BTMU’s Corporate Risk Management Division. Mr. Hatao began his banking career at The Bank of Tokyo, Ltd. in 1981. He is a graduate of the University of Tokyo’s Faculty of Law. Mr. Oka has been CEO for the Americas since 2012, and has also held the title of President & CEO of Union Bank since 2010. About The Bank of Tokyo–Mitsubishi UFJ, Ltd. and the Mitsubishi UFJ Financial Group, Inc. 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, Canada, and Central 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, with total assets of more than JPY 258 trillion (approximately US$2.55 trillion) as of December 31, 2013. 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, one of Japan's largest securities firms. MUFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. About UnionBanCal Corporation & Union Bank, N.A. Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $107.2 billion at March 31, 2014. Its primary subsidiary, Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 422 branches in California, Washington, Oregon, Texas, Illinois, New York and Georgia, as well as two international offices, on March 31, 2014. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers. Visit www.unionbank.com for more information. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140514006666/en/ Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50866035&lang=en Contact: Union Bank Joanne Curran, 213-236-5017 firstname.lastname@example.org or BTMU Americas Lauren Sambrotto, 212-782-4909 email@example.com
Katsumi Hatao Appointed New Chief Executive Officer for the Americas; Masashi Oka to Become Executive Chairman
Press spacebar to pause and continue. Press esc to stop.