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UNIONBANCAL CORPORATION AND UNION BANK APPOINT NEW CHAIRMAN
For Immediate Release
SAN FRANCISCO, May 2, 2012 – UnionBanCal Corporation and Union Bank, N.A., announced today that Takashi Morimura has succeeded Tatsuo Tanaka as Chairman of UnionBanCal Corporation and Union Bank.
Mr. Morimura will assume his new role in addition to his current role as Deputy President and Chief Executive of the Global Business Unit for The Bank of Tokyo-Mitsubishi UFJ, Ltd. Mr. Morimura was formerly President and CEO of Union Bank, from 2005 to 2007. On April 27th, Mr. Tanaka stepped down as Deputy President and Chief Global Strategy Officer of Mitsubishi UFJ Financial Group.
“It has been an honor serving as Chairman of the Board for UnionBanCal Corporation and Union Bank, supporting this great company and leadership team,” Mr. Tanaka said. “Takashi Morimura will bring passion, wisdom and expertise to his new role, driving dynamic growth and helping lead the enterprise toward its goal of becoming a top 10 banking group in the U.S.”
“UnionBanCal and Union Bank are fortunate to have such depth and continuity of global experience on its board,” said Masashi Oka, the President and CEO of UnionBanCal and Union Bank. “I would like to thank Tatsuo Tanaka for his leadership and warmly welcome back Takashi Morimura to his new role during this exciting and growth-oriented period of our bank’s 148-year history.”
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.