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TOKYO - MUFG Bank, Ltd., a key entity within the Mitsubishi UFJ Financial Group (NYSE:MUFG), has announced changes to its Board of Directors, including the appointment of new representatives. The modifications were resolved in a board meeting held today.
The bank stated that these changes are part of regular executive rotations. Akiko Sueoka is set to become a new Member of the Board of Directors and Managing Executive Officer, assuming the role of Representative of the Board of Directors. This change will take effect following the Annual General Meeting of Shareholders and the subsequent Board of Directors meeting scheduled for June 2025.
Concurrently, Hiroshi Mori, who currently serves as a Member of the Board of Directors and Senior Managing Executive Officer (Representative of the Board of Directors), will be stepping down from his representative role.
MUFG Bank is Japan’s leading bank with a broad international network covering about 40 countries. The bank provides a wide range of banking products and services, catering to the needs of businesses, governments, and individuals internationally.
MUFG, the parent company of MUFG Bank, stands as one of the foremost financial groups globally. With a history spanning over 360 years, MUFG operates approximately 2,000 offices across more than 40 countries, employing around 140,000 individuals. The group’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The company’s mission is to earn the trust of its clients worldwide and contribute to sustainable growth and a better global society. MUFG’s shares are publicly traded on the Tokyo, Nagoya, and New York stock exchanges.
The announcement of the board changes is based on a press release statement from MUFG Bank, Ltd.
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