Japan's MUFG says to promote deputy president Kamezawa to CEO
FILE PHOTO: A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan's Mitsubishi UFJ Financial Group Inc. , in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato
Outgoing CEO Kanetsugu Mike will become the group’s deputy chairman but will remain as head of the core unit, MUFG Bank. “The business environment surrounding the financial industry has changed a lot with the entry of other types of firms into the sector,” he told a news conference.
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