Positively impacting the Americas
As part of Mitsubishi UFJ Financial Group, Inc., we believe that by living our values, we'll achieve a balance of size, success, and stability while positively impacting every individual, organization, and community we touch.
Board of Directors
Kazuo “Kaz” Koshi is Managing Executive Officer and serves in multiple distinct positions for Mitsubishi UFJ Financial Group (MUFG), and for MUFG Bank, Ltd., its commercial banking subsidiary.
Since May 2017, as Deputy Regional Executive for the Americas, he has served as the second most-senior executive of the Americas operations for MUFG and MUFG Bank. In July 2019, he was named Executive in Charge of Latin America and Canadian Regions, MUFG Bank Ltd. He is also deputy executive in charge of the Global Financial Crimes Compliance Division.
Mr. Koshi was appointed Executive Chairman of the Board of Directors of MUFG Americas Holding Corporation and MUFG Union Bank, N.A., in April 2020. He is based in New York, frequently traveling to Tokyo and throughout the Americas.
Mr. Koshi has more than 30 years of experience with MUFG, including the legacy organization, and in recent years has been continuously engaged in the formulation and execution of Americas strategy. He has accrued 19 years of work experience in the U.S. since 1995, assigned to managerial positions on the West and East Coasts, on both the business and support sides.
A native of Japan, Mr. Koshi earned a bachelor’s degree from the University of Tokyo's Faculty of Engineering in 1985, and an MBA from the Wharton School, University of Pennsylvania, in 1990.
Ms. Bienfait is the CEO of Emnovate, an executive advisory firm delivering enterprise-class services to large global companies. Prior to founding her own firm, Ms. Bienfait was Executive Vice President and Chief Enterprise Innovation Officer at Samsung Electronics from 2014 to 2016. She previously held a number of executive positions at Blackberry from 2007 to 2014, including: Chief Information Officer, Chief Technology Officer for Software and Chief Information Security Officer. Prior to her career at Blackberry, Ms. Bienfait spent 23 years at AT&T in a range of roles, including: Senior Vice President, Worldwide Network Operations, Network Security and Network Disaster Recovery and Chief Compliance Officer. Ms. Bienfait is Chairman of the board of directors for Global Aviation and a member of the board of directors at the Georgia Institute of Technology. She earned a B.S. in Engineering from Central Missouri State University and a M.S. in Technology Management from the Georgia Institute of Technology.
Steve Cummings is President & CEO of MUFG Americas Holdings Corporation (MUAH), which includes MUFG Union Bank N.A., MUFG Securities Americas Inc., and MUFG Fund Services (USA) LLC. He was the first American to serve as President & CEO of MUFG Union Bank, N.A., having been named to that position in May 2015. Also as CEO for the Americas of Mitsubishi UFJ Financial Group, Inc. and MUFG Bank, Ltd, Mr. Cummings has oversight of control functions in Latin America, Canada, and the United States. He is also a Managing Executive Officer of MUFG Bank, Ltd, and the first non-Japanese to serve in such a capacity in this global company of more than 100,000 employees. He is on the Board of Directors of MUAH and MUFG Union Bank, N.A., and is based in the company’s New York headquarters.
After graduating from the Columbia University School of Business, Mr. Cummings began his career in 1979 with Kidder, Peabody & Co. Incorporated in its New York Corporate Finance Department. In 1984, he joined M&A advisory firm Bowles Hollowell Conner & Co. in Charlotte, N.C., and was named Chairman and CEO in 1992. In 1998, he led the sale of the firm to First Union Corporation, which subsequently became Wachovia Corporation, and was named its head of M&A. He subsequently served in a number of leadership roles in Wachovia as the corporate and investment bank was built. In 2004, he was promoted to Senior Executive Vice President, Global Head of Corporate and Investment Banking. As leader of a team of approximately 7,000, Mr. Cummings was responsible for business activities including Investment Banking, Fixed Income and Equities Origination/Sales and Trading, M&A/Advisory Services, Principal Investing, Corporate Banking, Commercial Real Estate, Global Cash Management, Asset Based Lending/Leasing, and Global Correspondent Banking. He served on Wachovia’s Operating, Risk, ALCO, and Diversity Committees.
Mr. Cummings joined UBS in 2011 as Managing Director and Chairman for the Americas. His most recent positions before appointment to MUFG were Head of Corporate Client Solutions for the Americas; and Chairman, Investment Banking for the Americas. He was a member of the UBS Global Investment Banking Executive Committee, Americas Executive Committee, and Investment Banking and Americas Risk and ALCO Committees. He was also a member of the Board of Directors of NorthStar Asset Management in New York, and served as Chairman of its Nominating and Corporate Governance Committee and head of the Special Committee of the Board of Directors as that company was sold.
Mr. Cummings holds a BA from Colby College in Waterville, Maine, and an MBA from the Columbia University School of Business in New York.
John R. Elmore
John R. Elmore, a 39-year veteran of the financial services industry, is the former Vice Chairman, Community Banking and Branch Delivery at U.S. Bank in Minneapolis, a position he held for seven years prior to his retirement in 2019. He also served as Executive Vice President and Head of Community Banking at U.S. Bank, the same role he held at Firstar Bancorp. prior to the 2002 merger of U.S. Bancorp and Firstar.
Mr. Elmore also served as President of Mercantile Credit Corporation, where he was a member of the Executive Committee. His responsibilities included oversight of the mortgage company, credit card portfolio, dealer services and all consumer activities in the St. Louis and Kansas City area. He also served as Head of Mercantile’s Lawrence, Kansas Region during the 1990s.
Additionally, Mr. Elmore led First National Bank of Lawrence as its President from 1988 until 1993. Throughout most of the 1980s, Mr. Elmore held several positions at United Missouri Bank in internal audit, credit, commercial lending and special assets. He started his career as a bank examiner at the Federal Reserve Bank of Kansas City, and earned a bachelor’s degree in accounting from Kansas State University.
Michael D. Fraizer
Mr. Fraizer is a Senior Advisor of Blue Heron Capital. He also serves as an advisor to and investor in early stage companies. Previously, his 32-year corporate career included serving as Chairman and Chief Executive Officer of Genworth Financial, Inc. for 8 years after 24 years with GE where he held a number of senior positions which included: Senior Vice President of GE and Director of GE Capital, President and CEO of GE Financial Assurance, President of GE Capital Commercial Real Estate Financing & Services, President and Representative Director of GE Japan and a number of other financial and business development positions. Mr. Fraizer also serves as a board member of Grange Insurance and Richmond Performing Arts CenterStage. Mr. Fraizer and his wife founded the Mary and Frances Youth Center at Virginia Commonwealth University in cooperation with the university to provide a range of youth enrichment programs.
Ann F. Jaedicke
Ms. Jaedicke is a former Managing Director of Promontory Financial Group, a leading strategy, risk management and regulatory compliance consulting firm. Prior to joining Promontory Financial Group, she was Deputy Comptroller for Compliance Policy at the Office of the Comptroller of the Currency (OCC), where she spent 33 years in a number of senior roles. Throughout her career, Ms. Jaedicke served as chair or member of several OCC and Federal Financial Institutions Examination Council (FFIEC) regulatory committees. She earned a B.B.A. in accounting from Texas A&M University.
Mr. Kamlani is a senior banking executive with over 30 years of experience running global markets and investment banking businesses. He served as Co-CEO of Markets and President of Global Banking and Markets at The Royal Bank of Scotland. He was appointed to the RBS Group Executive Committee with responsibility for 118,000 staff in 39 countries. Prior to joining RBS in 2010, Mr. Kamlani spent 22 years in senior management roles at UBS Investment Bank, rising to the position of Chief Operating Officer and member of the UBS Group Managing Board. Over two decades, he led Debt Capital Markets, Fixed Income and Investment Banking businesses in the U.S., Europe and Asia. Mr. Kamlani began his investment banking career at Bankers Trust in New York, which is now part of Deutsche Bank. He has a B.A. in economics from Northwestern University and served as a Senior Advanced Leadership Fellow at Harvard University. Mr. Kamlani is also a member of the Board of Directors of MUFG Securities Americas Inc.
*Mr. Kamlani serves only on the Board of Directors of MUFG Americas Holdings Corporation.
Masahiro “Masa” Kuwahara is Senior Managing Corporate Executive and Group Chief Risk Officer for Mitsubishi UFJ Financial Group, Inc. (MUFG), and Senior Managing Executive Officer, Chief Risk Officer in charge of the Corporate Risk Management Division and Credit Policy & Planning Division, Chief Credit Officer for MUFG Bank, Ltd., MUFG’s commercial banking subsidiary. He is also a member of the board of directors of MUFG Bank, Ltd.
Mr. Kuwahara has more than three decades of experience with MUFG, including the legacy organization, having joined Mitsubishi Bank, a predecessor of MUFG Bank, Ltd, in 1986. He has held multiple leadership positions within the company, including senior management roles in Europe, the Middle East & Africa.
A native of Japan, Mr. Kuwahara earned a bachelor’s degree from the University of Tokyo's Faculty of Law, and an MBA from the University of California, Berkeley. He is based at the company’s headquarters in Tokyo.
Mr. Masaki is the Executive Officer, Deputy Chief Operating Officer-International, Deputy Chief Executive, Global Commercial Banking Business Unit, and Head of the Planning Office for Asia for MUFG Bank, Ltd. He previously served as the Executive Officer and Head of the Planning Office for Asia for MUFG Bank, Ltd. Based in Singapore, he has been responsible for managing the safety and soundness of the bank’s branch operations — which includes risk, compliance, and regulatory matters — across 17 markets in South-east Asia, East Asia (excluding China), South Asia (including India) and Oceania.
Mr. Masaki has more than 25 years of experience with MUFG in corporate banking and strategic planning for global business. In 2004, he moved from Japan to New York branch and was there for eight years, first with its Japanese Corporate Banking Department. He later joined the U.S. Corporate Banking Division, Strategic Planning Group of Headquarters for the Americas where he helped expand the U.S. Corporate Banking business. Mr. Masaki has played key roles in MUFG’s global inorganic growth strategy in Asia. He was a core member of the bank’s acquisition project in Thailand, Bank of Ayudhya (Krungsri) in 2013. Mr. Masaki led the integration of the banks in 2015 and later became General Manager of Krungsri Strategic Office.
In 2016, after MUFG forged a strategic alliance with Philippines’ Security Bank Corporation (SBC), Mr. Masaki was seconded to SBC to facilitate business development opportunities between the two banks. Before his appointment in Singapore, he was the Senior Vice President and Deputy Head of SBC’s Alliance Segment. Mr. Masaki graduated from the Faculty of Business Administration at the Yokohama National University in Yokohama, Japan.
Toby S. Myerson
Mr. Myerson, our lead outside director, is Chairman and CEO of Longsight Strategic Advisors, LLC. Qualified as an attorney at law in New York and California, Mr. Myerson has held top management positions in a career spanning four decades, most recently as Partner and as Co-Chair of Global Mergers and Acquisitions at Paul, Weiss, Rifkind, Wharton & Garrison LLP until 2017. Mr. Myerson also serves on the Board of Directors of Mitsubishi UFJ Financial Group, Inc. He is a member of the advisory board of the Harvard Law School Program on Corporate Governance, a member of the board of directors of the Japan Society, a member of the Council on Foreign Relations and he participates in the World Economic Forum. Mr. Myerson earned a B.A. from Yale University and a J.D. from Harvard University.
Barbara L. Rambo
Ms. Rambo is Chief Executive Officer of Taconic Management Services, a management consulting and services company. Prior to joining Taconic Management Services, Ms. Rambo held various executive and management positions, including CEO of Nietech Corp, a payments technology company and CEO of OpenClose, a mortgage services technology company. Ms. Rambo began her career in banking at Bank of America, where she worked for 25 years, most recently as Group Executive Vice President and Head of National Commercial Banking, which also included investment banking and the top 25 retail branches, and before as Head of U.S. Corporate Banking based in New York. Previously, she was Board Chair of West Marine Corp and a director of PG&E Corporation, International Rectifier Corp., and Gymboree Corp. Ms. Rambo earned a B.A. in international affairs from the College of William and Mary and an MBA in Finance from New York University.
Mr. Uchida is an Advisor to MUFG Bank, Ltd. and Chairman of Morgan Stanley MUFG Securities Co., Ltd. Since joining Mitsubishi Bank in 1985, he has assumed various senior positions, including Chief Economist, General Manager of the Treasury and Investment Division, and Chief Executive of the Global Markets Unit. He is a leading expert in Japanese financial markets and a member of the Japanese official delegation of the diplomatic corps for ASEAN and European countries.
Dean A. Yoost
Mr. Yoost is a board member of both MUFG Union Bank and Pacific Life Insurance Company. He is also one of three members of the advisory board of American Honda Finance Corporation. He previously served as a board member of two NYSE-listed companies.
He is a founder and serves as the chairman of the Corporate Directors Roundtable of Orange County. He also is a board member of the National Association of Corporate Directors in Southern California. Additionally, he is a trustee and a member of the executive committee of the University of California Irvine's Foundation.
Mr. Yoost retired as a partner after 33 years with PricewaterhouseCoopers, wherein he held numerous client service and firm leadership positions. During this period, he lived and worked in Tokyo and Beijing for 16 years serving the needs of global clients and establishing and building the firm's businesses. He was elected as a director for four years to the 18-partner global oversight board of PwC International Limited, the top governing body of the global network of firms. At his retirement, Mr. Yoost was the firm's managing partner in Orange County, California, and the regional leader of its advisory services practice.
Mr. Yoost is the author of a book entitled A Director's Voyage Through Risk Management published by The Risk Management Association, and the co-author of a second book entitled Navigating Information Technology in the Boardroom, also published by The RMA. He has authored and co-authored over 75 articles and editorials published in The RMA Journal, Asian Wall Street Journal, NACD Directorship, Directors and Boards, Journal of International Taxation, European Business Forum and other business publications.
Code of conduct
This Code of Conduct represents our commitment to maintain a scrupulously ethical company.
Code of ethics
The honesty, integrity and sound judgment of its senior financial officers is fundamental to MUFG Americas Holdings Corporation.
Vendor Code of Conduct
This Vendor Code of Conduct sets forth our expectations for all our Vendors related to regulatory compliance, ethical business practices, labor and human rights, diversity and inclusion, health and safety, and environmental stewardship.