TOKYO -- Japan's Mitsubishi UFJ Financial Group will promote Junichi Hanzawa, a managing executive officer at MUFG Bank, naming him president of the banking subsidiary, Nikkei has learned.
This is the first time the bank has appointed a president from the managing executive officer post, skipping over 13 candidates in more senior positions such as deputy president and senior managing executive officer. The move highlights the group's effort to bring in new leaders to shake up its corporate culture and improve earnings.
