Outgoing Executive Chairman Masashi Oka to Serve as Special
Advisor to BTMU President Nobuyuki Hirano
MUFG, one of the world’s leading financial groups, today
announced that, effective October 23, 2015, Regional Executive for
the Americas Kanetsugu (“Sugu”) Mike will serve as Executive
Chairman of the Board of Directors for MUFG Americas Holdings
Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A.
Mr. Mike will continue in his role as Regional Executive, with
oversight of MUFG’s businesses in the United States, Latin America
and Canada. Current Executive Chairman Masashi Oka will be Special
Advisor to BTMU President Nobuyuki Hirano.
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Kanetsugu Mike (Photo: Business Wire)
Prior to becoming Regional Executive on May 1, 2015, Mr. Mike
was Senior Managing Executive Officer and Deputy Chief Executive of
the Global Business Unit of The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(BTMU), positions he retains. He also served as Vice Chairman of
the Board of Directors of Bangkok-based Bank of Ayudhya, also known
as Krungsri, a subsidiary of BTMU.
Mr. Oka began his banking career in 1979 with The Mitsubishi
Bank, Ltd. Since then, he has led a distinguished career with the
MUFG family of companies in Tokyo, San Francisco, Los Angeles, and
New York. Prior to becoming Executive Chairman, he served as
President and Chief Executive Officer of Union Bank and UnionBanCal
Corporation from July 2010 through June 2014. He was also Senior
Managing Executive Officer and Chief Executive Officer for the
Americas for BTMU from May 2012 through June 2014, responsible for
BTMU’s businesses throughout the Americas, including Canada and
Latin America. His U.S. assignments spanned four decades, during
which he served as Union Bank’s first Chief Risk Officer and, as
CEO for the Americas, presided over the integration of all BTMU
businesses in the United States.
Mr. Oka has been deeply involved with prominent industry and
community organizations, serving on the boards of The Financial
Services Roundtable, The Clearing House, Shimano American
Corporation, the Haas School of Business at the University of
California, Berkeley, The San Francisco Opera Association, the
Kyoto Symposium Organization and the Japan Society of Northern
California; and holding senior leadership positions with the
Japanese Chamber of Commerce of Northern California, the Japanese
American National Museum, the Asian Art Museum Foundation, the Asia
Foundation and the Alliance Forum Foundation.
“The board of directors looks forward to working with Sugu as
Executive Chairman at this critical period of the MUFG’s growth in
the Americas,” said Mohan Gyani, lead director of MUFG Americas
Holdings Corporation and MUFG Union Bank. “Sugu’s more than 35
years of experience with BTMU and MUFG, as well as his
distinguished recent service as Vice Chairman at Bank of Ayudhya,
makes him uniquely qualified to take on this important role.”
Mr. Gyani continued, “Masashi has been a tremendous leader. His
vast knowledge of the institution and the industry, coupled with
his leadership and people skills, has been invaluable to all the
directors and the company at large. Above all, he has a unique
ability to connect with customers, employees, regulators and just
about everyone he comes into contact with. He’s proud of the
banking profession and inspires that pride in others. I am pleased
to know that his service will continue with MUFG.”
About MUFG Americas Holdings Corporation
Headquartered in New York, MUFG Americas Holdings Corporation is
a financial holding company and bank holding company with total
assets of $114.3 billion at June 30, 2015. Its principal
subsidiary, MUFG Union Bank, N.A., provides an array of financial
services to individuals, small businesses, middle-market companies,
and major corporations. As of June 30, 2015, MUFG Union Bank,
N.A. operated 390 branches, comprised primarily of retail banking
branches in the West Coast states, along with commercial branches
in Texas, Illinois, New York and Georgia, as well as two
international offices. MUFG Americas Holdings Corporation is a
wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd.
which is a wholly-owned subsidiary of Mitsubishi UFJ Financial
Group, Inc., one of the world’s leading financial groups. Visit
www.unionbank.com or www.mufgamericas.com for more information.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the
world’s leading financial groups, with total assets of
approximately ¥264 trillion (JPY) or $2.4 trillion (USD)1, as of
March 31, 2015. Headquartered in Tokyo and with approximately 350
years of history, MUFG is a global network with over 1,100 offices
in 50 countries. The Group has over 140,000 employees and about 300
entities, offering services including commercial banking, trust
banking, securities, credit cards, consumer finance, asset
management, and leasing. The Group’s operating companies include
Bank of Tokyo-Mitsubishi UFJ, 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. Through close partnerships among our operating companies,
the Group aims to “be the world’s most trusted financial group”,
flexibly responding to all of the financial needs of our customers,
serving society, and fostering shared and sustainable growth for a
better world. MUFG’s shares trade on the Tokyo, Nagoya, and New
York (NYSE: MTU) stock exchanges. Visit
www.mufg.jp/english/index.html
1 Exchange rate of USD = ¥120.17 (J-GAAP) as of March 31, 2015
©2015 Mitsubishi UFJ Financial Group, Inc. All rights reserved. The
MUFG logo and name is a service mark of Mitsubishi UFJ Financial
Group, Inc., and is used by MUFG Americas Holdings Corporation with
permission.
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version on businesswire.com: http://www.businesswire.com/news/home/20150925005556/en/
MUFG Americas Holdings CorporationLauren SambrottoT:
+1-212-782-4909E: lsambrotto@us.mufg.jp
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