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Stock impact report

UPDATE 2-Japan's MUFG picks core bank unit head as CEO in management reshuffle [Reuters (UK)]

Mitsubishi UFJ Financial Group, Inc (MUFG)  More Company Research Source: Reuters
PDF Japan's MUFG picks core bank unit head as CEO in management reshuffle | Reuters 3 Min Read TOKYO (Reuters) - Mitsubishi UFJ Financial Group (MUFG) ( 8306.T ) said on Wednesday it picked Kanetsugu Mike, the head of its core commercial banking unit, as its next president and CEO as Japan’s largest lender accelerates efforts to expand overseas. Mike will also continue to serve as chief of the commercial banking unit, MUFG Bank, while current CEO Nobuyuki Hirano will become chairman, the company said in a statement. The changes will take place in April. Joining what is today’s MUFG in 1979, Mike, 62, has spent about half of his career outside Japan. He became CEO of MUFG Bank last year after his predecessor resigned suddenly on health grounds. The company also said Chief Information Officer Hironori Kamezawa will become deputy president. Hirano, who has led the banking group since 2013, has been credited with growing MUFG in a tightly controlled manner. He expanded the Japanese lender’s [Read more]
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