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MUFG Bank updates board of directors lineup
Published Mar 06, 2025 08:22
© Reuters.
TOKYO - MUFG Bank, Ltd., a key entity within the Mitsubishi UFJ Financial Group (NYSE:MUFG), has announced changes to its Board of Directors, with alterations set to take effect on two separate dates. The announcement came after a meeting of the Board of Directors held today.
The bank stated that the changes are part of regular shifts in corporate executive roles. Effective April 1, 2025, Seiichiro Akita will continue in his role as Member of the Board of Directors and Deputy President, but will no longer serve as a Representative of the Board. Similarly, Takefumi Tango will retain his positions as Member of the Board of Directors and Managing Executive Officer, also stepping down from his representative role.
Further changes are scheduled following the Annual General Meeting of Shareholders and the subsequent Board meeting in June 2025. Masakazu Osawa will be appointed as a Representative of the Board of Directors while maintaining his current role as Senior Managing Executive Officer. Yoshiaki Ueno and Hiroshi Minami, both currently serving as Managing Executive Officers, will also be elevated to Representatives of the Board of Directors.
MUFG Bank is Japan's premier bank with a wide-reaching global presence, operating in approximately 40 countries. The bank offers a comprehensive range of services, including commercial and investment banking, to a diverse clientele that includes businesses, governments, and individuals worldwide.
The parent company, Mitsubishi UFJ Financial Group, is one of the world's leading financial groups, boasting a history of over 360 years. MUFG operates a network of around 2,000 locations in more than 40 countries with approximately 140,000 employees. The Group's services span commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
Shares of MUFG are traded on the Tokyo, Nagoya, and New York stock exchanges. The information regarding the changes in the Board of Directors is based on a press release statement from MUFG Bank, Ltd.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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