USA financial news

Masatoshi Komoriya Appointed Govt Chairman of the Board of MUFG Americas Holdings Company and MUFG Union Financial institution, N.A.

NEW YORK, June 28, 2022 /PRNewswire/ — MUFG, one of many world’s main monetary teams, as we speak introduced that Masatoshi (Masa) Komoriya has been appointed Govt Chairman of the board of administrators for MUFG Americas Holdings Company and its U.S. banking subsidiary, MUFG Union Financial institution, N.A., efficient June 30, 2022. A member of the board of administrators since April 2022, he’ll proceed to be based mostly in New York.

Mr. Komoriya succeeds Kazuo (Kaz) Koshi, who has been a member of the board of administrators since 2016. Mr. Koshi was Govt Chairman from April 2020 to April 2022 and transitioned to Chairman in April.

“On behalf of my fellow board members, we’re delighted that Masa has been appointed Govt Chairman,” stated Toby S. Myerson, lead unbiased director. “Masa’s greater than 30 years of profitable banking expertise in Japan, the U.S. and EMEA makes him uniquely certified to function Govt Chairman.” Mr. Myerson continued. “Kaz has been a trusted companion to me and to the board for a few years, and we’ve benefitted tremendously from his management and deep institutional data. He will likely be missed vastly, however we thank him and need him nicely as he returns to Tokyo to function Advisor to MUFG Financial institution, Ltd. President and CEO Junichi Hanzawa.”

Along with serving as Govt Chairman, Mr. Komoriya will proceed as Deputy Chief Working Officer, Worldwide and Deputy Chief Govt of the World Business Banking Enterprise Group for MUFG. He assumed these New York-based positions in April 2022.

From 2018 till this April, Mr. Komoriya was Govt Officer and Chief of Employees for the Americas for MUFG Financial institution, Ltd. and MUFG Americas Holdings Company, which incorporates MUFG Union Financial institution, N.A., MUFG Securities Americas Inc., and MUFG Fund Companies (USA) LLC.

From Could 2017 to June 2018, Mr. Komoriya was Govt Officer and Chief Working Officer for MUFG Financial institution, Ltd. in EMEA. Throughout his working in EMEA, he developed his profession in strategic planning, together with department community optimization within the EU continent, and Brexit contingency planning.

From 2010 to 2017, Mr. Komoriya held plenty of senior-level positions inside The Financial institution of Tokyo-Mitsubishi UFJ, Ltd.’s Tokyo and London workplaces. He additionally has earlier expertise with MUFG in New York, the place he was a Senior Supervisor within the financial institution’s Planning Division for the Americas from 2006 to 2010.

Mr. Komoriya graduated from Waseda College in Tokyo with a BA in Regulation, and earned levels in Grasp of Legal guidelines from the College of Pennsylvania and Grasp of Legal guidelines (Company) from New York College Regulation College.

About Mitsubishi UFJ Monetary Group, Inc.’s U.S. Operations together with MUFG Americas Holdings Company

The U.S. operations of Mitsubishi UFJ Monetary Group, Inc. (MUFG), one of many world’s main monetary teams, has whole belongings of $332.4 billion at March 31, 2022. As a part of that whole, MUFG Americas Holdings Company (MUAH), a monetary holding firm, financial institution holding firm, and intermediate holding firm, has whole belongings of $159.2 billion at March 31, 2022. MUAH’s predominant subsidiaries are MUFG Union Financial institution, N.A. and MUFG Securities Americas Inc. MUFG Union Financial institution, N.A. offers a variety of economic companies to customers, small companies, middle-market corporations, and main firms. As of March 31, 2022, MUFG Union Financial institution, N.A. operated 297 branches, consisting primarily of retail banking branches within the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, home and overseas debt and equities securities transactions, personal placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Financial institution, Ltd. and Mitsubishi UFJ Monetary Group, Inc. MUFG Financial institution, Ltd., a completely owned subsidiary of Mitsubishi UFJ Monetary Group, Inc., has workplaces in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Go to www.unionbank.com or www.mufgamericas.com for extra info.

Press contact:
Oksana Poltavets                     
(646) 767-1326
[email protected] 

SOURCE MUFG

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