Katsumi Hatao Appointed New Chief Executive Officer for the Americas;
Masashi Oka to Become Executive Chairman
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
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:
Joanne Curran, 213-236-5017
Lauren Sambrotto, 212-782-4909
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