MUFG has ankled Kanetsugu (“Sugu”) Mike to serve as Executive Chairman of the Board of Directors effective October 23rd. Current Executive Chairman Masashi Oka will be Special Advisor to BTMU President Nobuyuki Hirano.
Mr. Mike will continue in his role as Regional Executive, with oversight of MUFG’s businesses in the United States, Latin America and Canada.
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.
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.
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