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The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today announced that there have been changes to the leadership of BTMU U.S. Holdings, which includes the U.S. operations of BTMU Headquarters for the Americas and Union Bank, N.A.
BTMU Chief Executive Officer for the Americas Masaaki Tanaka, who has led BTMU U.S. Holdings since July 2011, will be promoted to Representative Director and Deputy President of Mitsubishi UFJ Financial Group, Inc. (MUFG), and will return to Tokyo to assume this strategic role, effective June 28, subject to MUFG shareholders’ approval. He will report to Katsunori Nagayasu, President & CEO of MUFG.
Union Bank President and Chief Executive Officer Masashi Oka has assumed the position of BTMU Chief Executive Officer for the Americas, in addition to his current role as CEO of San Francisco-based Union Bank, effective May 15. Mr. Oka has been Co-Chief Operating Officer for the Americas, reporting to Masaaki Tanaka and he has been deeply involved in the strategic direction of BTMU U.S. Holdings. Mr. Oka reports to Takashi Morimura, Deputy President and Chief Executive of BTMU’s Global Business Unit and Chairman of UnionBanCal Corporation. Union Bank remains a wholly owned subsidiary of BTMU and will maintain its status as a national bank.
In a separate action, Katsumi Hatao has been appointed as Deputy Chief Executive Officer for the Americas and head of BTMU’s New York-based Headquarters for the Americas, effective May 15. Mr. Hatao reports to Masashi Oka.
“I’m proud to have served as BTMU’s first Chief Executive Officer for the Americas. It has been an honor and a pleasure to work with a great team of people who share BTMU’s vision to become a top-ten banking group in the U.S.,” said Mr. Tanaka. “During my tenure, we enhanced collaboration between BTMU New York and Union Bank, and the result has been a more nimble and flexible organization, better prepared to leverage growth opportunities. My successor, Masashi Oka, is a very qualified and capable leader who will pursue BTMU’s growth plans,” said Mr. Tanaka.