Boston, MA 05/15/2014 (wallstreetpr) – Mitsubishi UFJ Financial Group, Inc. (ADR) (NYSE:MTU), on May 14, 2014 announced that Katsumi Hatao will serve as the new CEO for Americas overseeing The Bank of Tokyo-Mitsubishi UFJ (BTMU) as well as the Union Bank, N.A. Katsumi Hatao will start serving as the CEO for the said designation with effect from July 1, 2014. Both The Bank of Tokyo-Mitsubishi UFJ (BTMU) and Union Bank, N.A. corresponds with overall U.S. banking operations under Mitsubishi UFJ Financial Group, Inc. umbrella as MUFG Union Bank, N.A.
Katsumi Hatao, apart from being the CEO of MUFG Union Bank, N.A. and MUFG Americas Holding Corporation, will also hold the designation of the President of both these banks. It is important to note that all the Americas banking activities of The Bank of Tokyo-Mitsubishi UFJ will now be seen by MUFG Americas Holdings Corporation, which was earlier named UnionBanCal Corporation.
Other Crucial Appointments
Mitsubishi UFJ Financial Group, Inc. (ADR) (NYSE:MTU), also announced that the present Chief Executive Officer for Americas, Masashi Oka, will now be serving as the Executive Chairman for Americas Holdings Corporation and the Union Bank, N.A.
Words from the Mitsubishi UFJ Financial Group, Inc. CEO
Nobuyuki Hirano, MUFG CEO, in context with these appointments said that as the bank pursues stronger expansion in the Americas, Katsumi Hatao will be able to impregnate a solid leadership as well as continuity to the bank. Nobuyuki Hirano also explained that MUFG has very well-built U.S. franchise system, customer base and leadership team. With the leadership of new CEO, it is aimed that MUFG would strive for reaching the milestone of one of the top 10 financial institutions in the U.S.
Who is Katsumi Hatao?
- Katsumi Hatao has been serving as the Deputy CEO for the Americas as well as Chief Executive of Headquarters for the Americas of BTMU since May 2012.
- Before this, he served as BTMU’s Deputy Chief Executive of the Global Business Unit.
- He had also served as the General Manager of BTMU’s Global Planning Division and Corporate Risk Management Division.
- Katsumi Hatao banking career started in the year 1981 with The Bank of Tokyo, Ltd.
- He graduated from the Faculty of Law, the University of Tokyo.
