Mr. Tokunari, MUFG Group CFO, to also join MUFG
Union Bank, N.A. Board of Directors
Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s
leading financial groups, today announced that Muneaki Tokunari and
Suneel Kamlani are being added to the Board of Directors for MUFG
Americas Holdings Corporation.
Mr. Tokunari, currently Managing Executive Officer, Group Chief
Financial Officer for MUFG, is also joining the Board of Directors
for MUFG Americas Holding Corporation’s U.S. banking subsidiary,
MUFG Union Bank, N.A. In addition to his new Board roles, both of
which became effective on January 21, 2016, Mr. Tokunari serves as
a Director on the Boards of MUFG and The Bank of Tokyo-Mitsubishi
UFJ, Ltd. (BTMU), a wholly owned subsidiary of MUFG. MUFG Americas
Holdings Corporation is a wholly owned subsidiary of BTMU.
Mr. Tokunari has been with MUFG and Mitsubishi UFJ Trust and
Banking Corporation (MUTB) and their legacy companies for more than
30 years. He assumed his current role at MUFG, and was named a
Managing Director of BTMU, in June 2015. Previously, Mr. Tokunari
had been Senior Managing Director in charge of Corporate Planning
for MUTB, a wholly owned subsidiary of MUFG.
Effective April 1, 2016, Mr. Kamlani will be an independent
Director on the MUFG Americas Holdings Corporation Board. Mr.
Kamlani has over 30 years of investment banking experience. He
served as Co-Chief Executive Officer of Markets and President of
Global Banking & Markets at The Royal Bank of Scotland, and as
Chief Operating Officer of UBS Investment Bank. On January 1, 2016,
Mr. Kamlani was appointed as an independent Director to the Board
of Mitsubishi UFJ Securities (USA), Inc., a wholly owned subsidiary
of Mitsubishi UFJ Securities Holdings Co., Ltd., the securities
holding company wholly owned by MUFG.
“Muneaki and Suneel bring decades’ worth of professional wisdom
to their new roles as Directors,” said Kanetsugu Mike, Executive
Chairman of MUFG Americas Holdings Corporation and MUFG Union Bank.
“I’m confident their insight and experience will be extremely
valuable, and we are delighted they will be joining us as we
continue to seek innovative ways to grow our business amid an
ever-challenging competitive landscape.”
Background of New Directors
Muneaki Tokunari
In addition to his role as Managing Executive Officer, Group CFO
for MUFG, Mr. Tokunari is a Director on the MUFG Board and a
Managing Director of BTMU.
Mr. Tokunari began his MUFG career with The Mitsubishi Trust and
Banking Corporation in 1982. Five years later, he was appointed
Assistant Manager of its London Branch, before being named Manager
of the Corporate Advisory Group in 1996. Mr. Tokunari was appointed
Manager of the Task Force for Corporate Integration with The Bank
of Tokyo-Mitsubishi, Nippon Trust and Banking Co., Ltd., and The
Tokyo Trust Bank, Ltd. in 2000. The following year, he was named
Deputy General Manager of the Corporate Planning Division, and in
2004, was appointed Deputy General Manager of the Task Force for
the merger with UFJ Trust Bank.
In 2005, Mr. Tokunari became General Manager of the Frontier
Strategy Planning and Support Division of MUTB, and in 2006, he was
named General Manager of the Financial Planning Division of MUFG.
Mr. Tokunari was appointed Executive Officer in charge of Financial
Planning for MUFG in 2009, and in 2010, became Executive Officer in
charge of Corporate Planning for MUTB. In 2013, Mr. Tokunari was
named a Senior Managing Director in charge of Corporate Planning of
MUTB. He was then appointed as a Director and a Managing Executive
Officer of MUFG and a Managing Director of BTMU in June 2015.
Suneel Kamlani
Mr. Kamlani is a senior banking executive with over 30 years of
experience running global markets and investment banking
businesses. He has a sophisticated knowledge of risk and financial
markets globally.
Mr. Kamlani served as Co-CEO of Markets, Chairman of Markets and
International Banking, and Deputy Head of RBS Group Americas at The
Royal Bank of Scotland (RBS). He was appointed a member of the RBS
Group Executive Committee with responsibilities for 118,000 staff
in 39 countries. He joined RBS as President of Global Banking and
Markets in 2010.
Prior to RBS, Mr. Kamlani spent 22 years in senior management
roles at UBS Investment Bank, rising to the position of Chief
Operating Officer and member of the UBS Group Managing Board. Over
two decades, he led the Debt Capital Markets, Fixed Income and
Investment Banking businesses in the U.S., Europe and Asia. He
advised major corporations, financial institutions and governments
in over 30 countries.
Mr. Kamlani restructured and strengthened two top-tier
investment banks following the 2007-2008 financial crisis. He
exited non-core activities, deleveraged the balance sheets,
tightened financial and operational risk management, cut costs and
repositioned businesses to compete in the new regulatory
environment.
Mr. Kamlani began his investment banking career at Bankers Trust
in New York, which is now part of Deutsche Bank. He has a B.A. in
economics from Northwestern University, and currently serves as an
Advanced Leadership Fellow at Harvard University.
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 $115.2 billion at September 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 September 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 ¥289.2 trillion (JPY) or $2.4 trillion (USD)1, as of
September 30, 2015. Headquartered in Tokyo and with approximately
350 years of history, MUFG is a global network with about 1,200
offices in nearly 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 1 USD = ¥119.96 (J-GAAP) as of September 30,
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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MUFG Americas Holdings CorporationRich
Silverman+1-212-782-5953rsilverman@us.mufg.jp
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