Regional Executive for the Americas Kanetsugu Mike Named Executive Chairman of MUFG Americas Holdings Corporation and MUFG Union Bank

Outgoing Executive Chairman Masashi Oka to Serve as Special Advisor to BTMU President Nobuyuki Hirano

Kanetsugu Mike (Photo: Business Wire)

NEW YORK--()--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.

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.

Contacts

MUFG Americas Holdings Corporation
Lauren Sambrotto
T: +1-212-782-4909
E: lsambrotto@us.mufg.jp

Release Summary

Regional Executive for the Americas Kanetsugu Mike Named Executive Chairman of MUFG Americas Holdings Corporation and MUFG Union Bank

Contacts

MUFG Americas Holdings Corporation
Lauren Sambrotto
T: +1-212-782-4909
E: lsambrotto@us.mufg.jp