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Union Bank Vice Chairman John Erickson To Retire After 30 Years With Company

Stocks in this article: MTU

Union Bank, N.A. today announced that Vice Chairman and Chief Corporate Banking Officer John C. Erickson will retire effective July 15, 2013, after a highly successful 30-year career with the bank. Erickson will continue to serve as an advisor to President and Chief Executive Officer Masashi Oka through June 2014.

In addition to his leadership responsibilities for Corporate Banking, John retires as a member of Union Bank’s Executive Committee and as a member of the Mitsubishi UFJ Financial Group (MUFG) U.S. Management Committee, among other responsibilities.

“John has contributed immeasurably to the bank’s success over three decades. He has consistently delivered increasing levels of earnings, served unselfishly as a leader and mentor, represented the company ably as a member of not-for-profit boards, and so much more,” said Oka. “I’m pleased that John will be an advisor to me for another year.”

In 2009, Erickson was appointed Vice Chairman and Chief Corporate Banking Officer, overseeing commercial banking, global treasury management, wealth management, capital markets, and real estate industries. Prior to this appointment, he served as Vice Chairman and Chief Risk Officer, with responsibility for credit, compliance, enterprise risk management, corporate real estate and Basel II activities.

Erickson has served in a wide variety of capacities for Union Bank over the years, mostly leading key business units in areas such as commercial banking, wealth management, capital markets, and national banking.

Erickson joined Union Bank’s management training program in 1983 after graduating from the University of Southern California with a bachelor’s degree in economics. In 1991, he received an MBA in finance from the University of Southern California.

“It has been a great privilege to work at Union Bank and I have truly enjoyed working with the many talented employees and loyal customers. I look forward to working with my colleagues to ensure a smooth transition, and to maintaining their friendship during my retirement years,” said Erickson.

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