Union Bank President and CEO Masaaki Tanaka Joins Financial Services Roundtable’s Board of Directors

SAN FRANCISCO--(BUSINESS WIRE)--UnionBanCal Corporation, and its primary subsidiary Union Bank, N.A., today announced that President and Chief Executive Officer Masaaki Tanaka has joined the Financial Services Roundtable’s board of directors. Tanaka is the first chief executive of Asian heritage, and the first Japanese executive, to serve on the prestigious board since its founding.

“It is an honor to be part of the Financial Services Roundtable and to serve with some of the most respected leaders in the financial industry”

“It is an honor to be part of the Financial Services Roundtable and to serve with some of the most respected leaders in the financial industry,” said Tanaka. “I look forward to working closely with my colleagues at member institutions to do the important and challenging work that the organization has set forth this year.”

The Washington D.C.-based Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the chief executive officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $85.2 trillion in managed assets, $978 billion in revenue, and 2.5 million jobs.

About Masaaki Tanaka

Masaaki Tanaka, 55, is the President and Chief Executive Officer of UnionBanCal Corporation and its primary subsidiary, Union Bank, N.A. He was named CEO in May 2007. Tanaka is also Managing Executive Officer of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU).

Tanaka’s numerous professional and community activities include membership on the board of directors of the Haas School of Business, University of California at Berkeley; The Clearing House, the nation’s oldest bank association and forum; the Asian Art Museum in San Francisco; and the Japan Society of Northern California. He is on the board of governors of the Japanese American National Museum in Los Angeles and is First Vice-president of the Japanese Chamber of Commerce of Northern California. In addition, he is a 2008–2009 campaign cabinet member of United Way of the Bay Area and Co-chair of the Kyoto Laureate Symposium and Gala 2009 in San Diego.

Tanaka began his professional career at The Mitsubishi Bank, a predecessor to BTMU, and has more than nearly 30 years of experience in the banking industry. He is a graduate of the University of Tokyo and earned his master of law degree from the University of Michigan Law School.

About UnionBanCal Corporation

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $62.6 billion at September 30, 2008. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. Union Bank is California’s fifth largest bank by deposits. The bank has 336 banking offices in California, Oregon and Washington, and 2 international offices. Effective November 4, 2008, UnionBanCal Corp. became a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd. Visit www.unionbank.com for more information.