TOKYO -- The incoming head of MUFG Bank, the core banking unit of one of Japan's megabanks, ascended the corporate ladder quickly by showing he can produce results in difficult situations.
In a highly unusual move for the nation's seniority-focused banking industry, Mitsubishi UFJ Financial Group has finalized its decision to appoint Junichi Hanzawa as president of the banking unit over 13 higher-ranking executives.
