Japan's MUFG says to promote deputy president Kamezawa to CEO

This post was originally published on this site

TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) (T:), Japan’s biggest lender by assets, said on Friday that Hironori Kamezawa, currently deputy president, would become chief executive from April.

Outgoing CEO Kanetsugu Mike will become the group’s deputy chairman but will remain as a head of MUFG Bank, it said in a statement.

MUFG, which owns 24% of Morgan Stanley (N:), will hold a news conference later on Friday on the personnel change.

Kamezawa, 58, who has led the group’s digital strategy, would be the first chief executive to have not previously headed MUFG Bank.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment