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US bank lobby group gives Japan's MUFG a seat at the table

Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute

The Bank Policy Institute sets out Wall Street's views on finance industry issues and regulation.   © Reuters

NEW YORK -- The Bank Policy Institute, a lobbying group for the U.S. finance industry, on Wednesday chose Mitsubushi UFJ Financial Group Chairman Kanetsugu Mike as its first board member from an Asian institution.

Mike (pronounced mee-keh) will sit on the board from Thursday, joining such figures as JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan. The board is chaired by William Demchak, CEO of PNC Financial Services Group.

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