NEW YORK, February 2, 2016 – MUFG, one of the world’s leading financial groups, today announced that Christopher Perretta will join the company as Chief Information & Operations Officer for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective April 1, 2016.
Perretta will also serve on the company’s Executive Committee for the Americas as a policy making officer. He will be based in New York and report to President and Chief Executive Officer for MUFG Union Bank, N.A., Stephen Cummings.
Perretta most recently served as Global Head of Enterprise Data and Technology for State Street Corporation in Boston. There he led the company’s overall technology strategy while aggregating State Street’s data and insights for global clientele. Previously, he served as State Street’s Chief Information Officer, responsible for all aspects of the company’s information technology businesses and activities.
“Chris is a recognized technology and operations leader, and we are extremely pleased that he is joining us,” said Cummings. “He brings a depth of experience managing multi-tiered technology and operations initiatives and a proven track record of high-level precision, planning and execution to IT projects that address some of the most complex challenges our industry faces today.”
Among his many professional achievements, Perretta was instrumental in formulating a publicly announced, multi-year transformational program that delivered significant efficiencies and cost savings to State Street’s IT and operations platforms via global service sourcing, Lean process design, and technology architecture initiatives.
Prior to joining State Street in 2007, Perretta served in key executive positions for General Electric Corporation, capped by his role as Chief Information Officer of GE Commercial Finance.
About MUFG Americas Holdings Corporation
Headquartered in New York, MUFG Americas Holdings Corporation is a financial holding company and bank holding company with total assets of $116.2 billion at December 31, 2015. Its principal subsidiary, MUFG Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. As of December 31, 2015, MUFG Union Bank, N.A. operated 369 branches, comprised primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York and Georgia, as well as two international offices. MUFG Americas Holdings Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd. which is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc., one of the leading financial groups. Visit www.unionbank.com or www.mufgamericas.com for more information.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the world’s leading financial groups, with total assets of approximately ¥295.8 trillion (JPY) or $2.5 trillion (USD)1, as of December 31, 2015. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with about 1,200 offices in nearly 50 countries. The Group has over 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms. Through close partnerships among our operating companies, the Group aims to “be the world’s most trusted financial group”, flexibly responding to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. Visit www.mufg.jp/english/index.html.
(1)Exchange rate of 1 USD=¥120.6 (JPY) as of December 30, 2015