UnionBanCal Corporation today announced changes to the Board of Directors, effective immediately.
Mr. Nubuo Kuroyanagi, former Chairman of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), and Masaaki Tanaka, former CEO for the Americas of BTMU and former President & CEO of Union Bank, N.A., will step down from the Board of Directors for UnionBanCal Corporation, effective July 31 st . Mr. Kuroyanagi has been a Senior Advisor at BTMU, and Mr. Tanaka has assumed the role of Deputy President of Mitsubishi UFJ Financial Group (MUFG) in Tokyo.
Mr. Katsunori Nagayasu, President of MUFG and Chairman of BTMU, and Mr. Katsumi Hatao, Deputy CEO for the Americas and Chief Executive, Headquarters for the Americas of BTMU, will join as new members of the Board of Directors for UnionBanCal Corporation, also effective July 31 st.
“Messrs. Kuroyanagi and Tanaka have honored us with their service, experience and insightful counsel,” said Masashi Oka, President & CEO of UnionBanCal and Union Bank. “We are fortunate to have such depth of global experience on the board, and I want to welcome Messrs. Nagayasu and Hatao to their new roles. I look forward to their leadership during this important period of balanced growth for the bank.”ABOUT UNIONBANCAL CORPORATION & UNION BANK, N.A. Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $87.9 billion at June 30, 2012. 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. The bank operates 402 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.
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