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Policy-Making Officers

Masashi Oka
Executive Chairman

Masashi Oka is Executive Chairman of MUFG Americas Holdings (MUAH) and its wholly-owned U.S. banking subsidiary, MUFG Union Bank (MUB). As Chairman of the Board for MUAH and MUB, he sets the Board’s agenda and guides the Directors in overseeing management’s execution of MUFG Americas’ business strategies and operations. In addition to his Board duties, Mr. Oka is also a Policy Making Officer of MUAH and MUB.

Mr. Oka was President and Chief Executive Officer of Union Bank and UnionBanCal Corporation from July 2010 through June 2014. He was also Senior Managing Executive Officer and Chief Executive Officer for the Americas for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) from May 2012 through June 2014, responsible for BTMU’s businesses throughout the Americas, including Canada and Latin America. MUAH, MUB and BTMU are members of the Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s largest financial organizations.

Mr. Oka began his banking career in 1979 with Mitsubishi Bank, Ltd. Since then, he has led a distinguished career with the MUFG family of companies in Tokyo, San Francisco, Los Angeles, and New York, including positions as Managing Executive Officer and Group Head of the Corporate and Investment Banking Group for BTMU, Managing Executive Officer and Deputy Group Head of the Integrated Trust Assets Group for MUFG, and General Manager and Global Head of the Syndicated Finance Division for BTMU. He also served as Chairman of Japan Syndications and Loan-Trading Association. Through 2005 to 2008, Mr. Oka served as Director and Vice Chairman of Union Bank and UnionBanCal Corporation, including Chief Risk Officer for Union Bank.

Mr. Oka earned his Bachelor of Law Degree from the University of Tokyo in 1979 and his Master of Law Degree from the University of Michigan Law School in 1986. He is a member of the New York State Bar.

Mr. Oka is also actively involved with several prominent community and industry organizations, serving as Deputy President and Director of the Japanese Chamber of Commerce of Northern California, Member of the President’s Leadership Council of The Asia Foundation, Founding Member of the Executive Club of the Alliance Forum Foundation, and Director for the following organizations: The Financial Services Roundtable, The Clearing House, Shimano American Corporation, and the Japan Society of Northern California. He is also a Trustee of the Asian Art Museum Foundation, serves as Governor to the Japanese American National Museum, and is a member of the Board for the Haas School of Business at the University of California, Berkeley; the San Francisco Opera Association; and the Kyoto Symposium Organization.
Kanetsugu Mike
MUFG Regional Executive for the Americas

Kanetsugu Mike is the Regional Executive for the Americas, a newly created position with the Mitsubishi UFJ Financial Group (MUFG), with oversight for the company’s businesses in the United States, Latin America and Canada.

Most recently, Mr. Mike served as Senior Managing Executive Officer and Deputy Chief Executive of the Global Business Unit of The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU), a wholly-owned commercial banking subsidiary of MUFG. He will continue serving in the latter position concurrently with the new Americas job. Mr. Mike was also the Vice Chairman of the Bangkok-based Bank of Ayudhya (Krungsri), Thailand’s fifth largest bank and also a majority-owned subsidiary of BTMU. In this capacity, he played a key role in ensuring the smooth and successful integration of Krungsri and the BTMU Bangkok branch in January 2015.

Mr. Mike began his career at the Mitsubishi Bank, Ltd. in 1979 where he gained valuable global experience including a number of important overseas assignments. From 1987 to 1994, he was with the bank’s London Branch where he worked in the international finance business. He then transferred to New York, serving as Deputy General Manager of the New York Branch from 2000 to 2003, and subsequently as General Manager of the Planning Office for the Americas.

Upon the announcement of the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank in 2004, Mr. Mike returned to Tokyo and was appointed General Manager of the Corporate Planning Division to oversee the merger process. He was subsequently promoted to Executive Officer of the Corporate Planning Division in June 2005.

With the completion of the merger in January 2006, he was appointed Executive Officer and General Manager of the bank’s Business & Systems Integration Division where he was tasked with overseeing the post-merger integration of the bank’s information systems and operations.

In May 2009, he was appointed Managing Executive Officer with responsibility for the bank’s Financial Institutions and Public Enterprises Business. Mr. Mike later served as Managing Director and Chief Executive of Corporate Services from 2011 to 2013.

Mr. Mike earned a bachelor’s degree from the Keio University Faculty of Economics in 1979 and an MBA from the Wharton School, University of Pennsylvania (USA) in 1987.
Stephen Cummings 
President and CEO, MUFG Union Bank, N.A.

Steve Cummings is the first American to serve as President and CEO of MUFG Union Bank, having been named to that position in May 2015. He is also a Managing Executive Officer of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), and the first non-Japanese to serve in this capacity in this global company of more than 100,000 employees. As the BTMU CEO for United States, Mr. Cummings is in charge of all operations, including those of MUFG Union Bank and the New York Branch. He is a member of the Board of Directors of MUFG Americas Holdings Corporation and MUFG Union Bank, N.A. Cummings joined MUFG in May 2015 and is based in the company’s New York headquarters.

After graduation from Columbia University, Cummings began his career in 1979 with Kidder, Peabody & Co. Incorporated in their New York Corporate Finance Department. He left that position in 1984 to join Bowles Hollowell Conner & Co. in Charlotte, N.C., and was named Chairman and Chief Executive Officer in 1992. In 1998, he led the sale of Bowles Hollowell Conner & Co. to Wachovia Corporation and was named Head of M&A. He subsequently served in a number of leadership roles in their investment banking, corporate banking and capital markets businesses as that business 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, 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 the Company’s Operating, Risk, ALCO and Diversity Committees.

Cummings joined UBS in 2011 as Managing Director and Chairman for the Americas. His most recent positions before his appointment to MUFG was Head of Corporate Client Solutions for the Americas and Chairman, Investment Banking for the Americas. He was a member of the Global Investment Banking Executive Committee, Americas Executive Committee and the Investment Banking and Americas Risk and ALCO Committees. He is also a member of the board of directors of NorthStar Asset Management in New York and serves as the Chairman of its Nominating and Corporate Governance Committee.

Cummings holds a BA from Colby College in Waterville, Maine, and an MBA from the Columbia University School of Business in New York.
Hironori Kamezawa
Deputy Regional Executive for the Americas
Interim Chief Risk Officer

Hironori Kamezawa was appointed Deputy CEO for the Americas in May 2014 and he was named Interim Chief Risk Officer for the Americas in April 2015. His previous position was Executive Officer and General Manager, Global Markets Planning Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Prior to that, he served as Executive Officer and General Manager, Credit Policy and Planning Division. Mr. Kamezawa joined BTMU in 1986 and has served in a number of positions throughout MUFG and has an extensive background in global capital markets, ALM, credit portfolio strategy, and credit risk management. He has a Master of Science from The University of Tokyo. He is married with a son in college and a daughter in high school.
Takayuki Akita
Head of Asian Corporate Banking

Takayuki Akita was appointed Head of Asian Corporate Banking in May 2014. Mr. Akita has been with MUFG since 1986 and most recently served as General Manager, Global Business Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Prior to that, he served as General Manager, Global Head of Securitization and Asset Finance Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Mr. Akita has a B.A. in Economics from Keio University and a Master of Business Administration from the Anderson Graduate School of Management, University of California, Los Angeles.
Ranjana Clark
Head of Transaction Banking

Ranjana Clark is head of Transaction Banking for MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A., including its offices in the United States, Canada and Latin America. Ms. Clark leads the Treasury Management and Global Trust & Custody businesses and company-wide digital channels at MUFG Union Bank. Prior to joining MUFG Americas in 2013, she was Chief Customer and Marketing Officer at PayPal, had a dual role as President of Global Business Payments and Executive Vice President and Head of Global Strategy at The Western Union Company, and served as Senior Executive Vice President and Chief Marketing Officer at Wachovia. Ms. Clark is a global banking leader with more than 25 years of executive experience and was recognized as one of The Most Influential Women in the “San Francisco Business Times", "Payments by Payment Source" and "Bank Technology News", and one of the "Silicon Valley Business Journal's" Women of Influence. This follows her repeated recognition as one of the most influential leaders in payments and banking by "U.S. Banker", "American Banker" and "Treasury & Risk Management". Ms. Clark is a member of the Board of Directors of StanCorp Financial Group, Inc., and served on the Board of Visitors of the Fuqua School of Business at Duke University, and the boards of The Association of National Advertisers, the AdCouncil, and the Center for Economic Development in Washington, D.C.
Michael F. Coyne
General Counsel

Michael F. Coyne is the General Counsel and senior legal officer for the Americas, which includes MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A. Prior to joining MUFG Union Bank in 2013, Mr. Coyne spent 21 years at JPMorgan Chase & Co., most recently as Senior Vice President, Associate General Counsel and Co-Head of Litigation. From 1992 to 2004, he was a senior litigation staff attorney and, in 2004, he was appointed Co-Head of Investment Banking Litigation. In 2010, he became Co-Head of Litigation, responsible for all of litigation and governmental investigation matters affecting the bank's businesses worldwide. In 1983, he joined Rogers & Wells, a New-York based international law firm, specializing in securities, corporate and commercial and real estate litigation. In addition to being a member of the New York State Bar, Mr. Coyne is a member of the Managing Board of The Clearing House Association and the Financial Reporting Committee of the Association of the Bar of the City of New York.
Kevin Cronin
Head of U.S. Corporate Banking

Kevin Cronin has been General Manager and Head of United States Corporate Banking since April 26, 2011. In his role, Mr. Cronin is responsible for both the relationship management and portfolio management of the bank's U.S. customer base. His expertise in corporate banking products and services and their application to corporate financing needs is a valuable asset to MUFG. He has vast experience in syndicated finance, public and private debt instruments, risk mitigation techniques, global treasury and trade services as well as credit and business risk assessment.

Mr. Cronin also brings to his role deep experience in corporate banking and finance, risk and portfolio management, and client development, combined with industry knowledge and leadership skills. He possesses a broad knowledge of industries which represent attractive corporate banking opportunities (Natural Resources, Consumer & Retail, Diversified Industrials, Media, Technology and Financial Institutions) and has vast experience developing business and financial plans focused on fee pools, key players, major trends, industry challenges, and strategic opportunities. His background contributes both broad strategic thinking and attention to detail to MUFG's growing business.

Mr. Cronin served as Managing Director and head of U.S. Corporate Banking at Banco Santander. Prior to that, he had a 20-year career at Bank of America and its predecessor firms (FleetBoston, BancBoston) where his previous responsibilities included leading U.S. Corporate Banking coverage and Treasury Management sales for corporate clients in the Americas. Mr. Cronin is a graduate of Boston University and holds an MBA in Finance from Babson College.
Michael Gotimer
Co-Chief Information & Operations Officer

Michael (Mike) Gotimer serves as the Co-Chief Information Officer and Senior Operations Officer for the Americas. In the CIO role, Mr. Gotimer leads the Bank's Technology, Program Management and Corporate Data Security functions. In the SOO role he leads the Bank's Core Banking Replacement Program. In this capacity he serves on the U.S. Executive Committee of MUFG Americas Holdings Corporation, a series of Management Committees, and on the NY Federal Reserve Payment Risk Committee. Prior to joining MUFG, he served as a Managing Director and Head of Global Data Center and Operations for JPMorgan Chase.

At JPMC, Mr. Gotimer's responsibilities included overseeing Data Center Planning, Design, Operations and Financial Management. Other assignments included Chief Administrative Officer for Technology Services, Regional Head of Technology and Operations for Asia, residing in Tokyo and Singapore and a series of service delivery and product management roles. Prior to joining JPMC in 1988, he worked with AT&T as the Global Account Manager for the American Express Company starting in 1976. A native of New York, he holds a MBA from St. John's University, NY and a Bachelor's of Science Degree from Manhattan College, NY.

Mr. Gotimer has been a guest speaker on numerous business, technology and outsourcing management topics to the Wall Street Communication Association, the Outsourcing Institute and the Data Center Roundtable. He lives with his wife and three children in New York.
John Itokazu
Co-Chief Information and Operations Officer

John Itokazu is the Co-Chief Information and Operations Officer for MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A. Mr. Itokazu co-leads the Integrated Services for the Americas organization, where he is responsible for the technology, operations and business transformation functions, as well as the support services that include strategy, risk management, home office coordination and planning and communications. Prior to joining MUFG Union Bank in 2011, Mr. Itokazu spent more than 30 years at Zions BanCorporation, most recently as Chief Information and Operations Officer.
Kazuo (Kaz) Koshi
Chief of Staff

Chief of Staff Kazuo (Kaz) Koshi has more than 25 years of experience with the Mitsubishi UFJ Financial Group, including legacy organizations. Mr. Koshi has more than 15 years of work experience in the U.S. He served in Japanese corporate banking and corporate planning in New York from 1995 to 2001; and from 2004-2009 he served as Senior Vice President and Executive Vice President at UnionBanCal Corporation and Union Bank. Prior to his current appointment at Union Bank and BTMU Americas Holding Division starting in 2011, Mr. Koshi served as general manager of the North American Strategy Office in the BTMU Global Planning Division. A native of Japan, Mr. Koshi earned his Bachelor of Engineering from University of Tokyo in 1985 and Master of Business Administration from the Wharton School of University of Pennsylvania in 1990.
J. Michael Stedman
Head of Commercial Banking

J. Michael (Mike) Stedman is Head of Commercial Banking for MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A. Mr. Stedman is responsible for the bank’s commercial banking activities, comprising both general commercial lending to middle market and mid-corporate clients, and specialized lending niche businesses including asset-based lending, commercial finance, environmental, media and entertainment, reserve-based oil and gas financing, and transportation. He also oversees the real estate industries group which includes institutional commercial real estate relationship management and community development finance.

Mr. Stedman joined MUFG Union Bank in 1992 and has held a variety of positions in real estate industries, most recently as head of the group. Previously, he oversaw commercial real estate in the San Francisco Bay region and also served as a senior credit officer within the unit where he was responsible for real estate credit policies, underwriting guidelines, and approval processes. Prior to joining the bank, Mr. Stedman worked in private equity with Shea Industries and Marcus & Millichap.

Mr. Stedman graduated from the University of California, San Diego with a bachelor’s degree in economics. He received his MBA from Saint Mary's College of California. Mr. Stedman is an active member of the Urban Land Institute. He also serves as a member of the policy advisory board of the Fisher Center for Real Estate & Urban Economics at UC Berkeley, and he is a member of the board of directors of the United Way of the Bay Area.
Timothy H. Wennes
West Coast President and Head of Retail Banking and Wealth Markets

Tim Wennes is West Coast President and Head of Retail Banking and Wealth Markets for MUFG Union Bank, N.A. He began his banking career in 1989 and joined Union Bank in 2008. He was named Vice Chairman in 2010, and assumed the role of West Coast President in July 2014. In this capacity, Mr. Wennes represents MUFG Union Bank with Retail Banking and Wealth Markets customers, community leaders and elected officials on the West Coast.

Mr. Wennes has oversight for Branch Banking, Business Banking, Consumer Lending, Consumer Deposits, The Private Bank, HighMark Capital Management, and UnionBanc Investment Services (UBIS). He also oversees the bank’s Corporate Social Responsibility programs, which include The MUFG Union Bank Foundation, Community Outreach, Environmental Stewardship, CRA Strategy & Operations, and Supplier Diversity.

Mr. Wennes is a graduate of the University of Southern California, and received an MBA from California State University Fullerton. He is Chair-Elect of the Consumer Bankers Association, a member of the Board of Regents of California Lutheran University, serves on the Global Board of Operation HOPE, and is a National Trustee for Boys & Girls Clubs of America in the Pacific Region.
Annemieke van der Werff
Chief Human Resources Officer

Annemieke van der Werff is the Chief Human Resources Officer for MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A., where she is responsible for the development and implementation of the People Strategy and has oversight for all aspects of Human Resources, including talent management, learning and development, organizational performance and change management, employee engagement, compensation, benefits, talent acquisition, diversity & inclusion, HR systems and & planning, and employee relations. Ms. Van der Werff chairs the Leadership Council for Inclusion and co-chairs the Benefit Plans Administrative Committee. She's also a member of The Bank of Tokyo-Mitsubishi's (BTMU) Global HR Council where she collaborates and advises on global HR initiatives and programs. Prior to joining MUFG Union Bank in 2012, Ms. van der Werff was global head of Human Resources for Global Functions and the Global Retail Bank at HSBC Holdings plc in London. Before joining HSBC, she spent 27 years with the Dutch bank ABN AMRO in various positions, ultimately as Corporate Executive Vice President and Head of Human Resources for the bank's North America Region, based in Chicago. Ms. van der Werff is a member of the Society for Human Resource Management and serves on the Executive Committee of the Wharton Financial Services Group at the University of Pennsylvania. She also serves on the board of the Alonzo King LINES Ballet in San Francisco.
John F. Woods
Chief Financial Officer

John F. Woods, the Chief Financial Officer of the Americas, has previously served as Vice Chairman and Chief Financial Officer of UnionBanCal Corporation and Union Bank, N.A., since December 2009. Before that, Mr. Woods was Chief Financial Officer of JPMorgan Chase’s Home Lending business based in New York. He also held the same role at a predecessor entity, Washington Mutual, Inc. based in Seattle since 2005. Prior to that, he spent three years at Federal Home Loan Mortgage Corporation (Freddie Mac) with various roles including Chief Financial Officer of the Funding & Investment Division as well as Corporate Controller.

Mr. Woods began his financial career in 1986 with Arthur Andersen in Washington, D.C., where he rose to partner in the financial and commodity risk consulting group during his 16 years with the firm.
Johannes Worsoe
Head of Investment Banking & Markets

Johannes (Johs) Worsoe serves as the Head of Investment Banking & Markets (IB&M) for MUFG Americas Holdings Corporation and its primary subsidiary, MUFG Union Bank, N.A. In this role, Mr. Worsoe leads the bank's Investment Banking businesses: Structured & Project Finance, Corporate Advisory, Syndications, Securitization, Leasing, Merchant Banking, Structured Trade, and SVF Wrap, and the Bank's Markets businesses: Sales & trading of Foreign Exchange, Rates, Commodities, and structured products. He is responsible for the bank's Americas relationship with Morgan Stanley (22.4% owned). Worsoe serves on the MUFG Americas Holdings Executive Committees, a series of management committees, and a number of Boards of Directors of subsidiaries throughout the Americas and Europe.

Prior to this, Mr. Worsoe served as Chief Administrative Officer for the Americas for The Bank of Tokyo-Mitsubishi UFJ. Ltd. (BTMU), a role in which he held responsibility for financial management, strategy, communications and other areas. Prior to joining BTMU Mr. Worsoe served as senior executive vice president and head of global and wealth markets for UnionBanCal Corporation and its primary subsidiary, Union Bank N.A. and as a member of the executive committee, which served as the bank’s primary policy-making body.

Prior to joining Union Bank in 2001, he served in various investment and capital markets roles in Denmark, Spain and the U.S., starting in 1985. A native of Denmark, Mr. Worsoe holds an MBA from the University of Southern California and a bachelor's degree from the University of Phoenix. He also holds a diploma from the Danish Banking School, has attended an executive management program at Harvard Business School. He holds series 7, 24, 79 and 63 securities licenses. Mr. Worsoe serves on the Board of The Roundabout Theatre Company. He resides with his wife and son in New York City.