- Company Profile
- Executive Management
- Diversity and Culture
- Corporate Social Responsibility
- Serving Communities
- Environmental Sustainability
- Social Media
The Bank of Tokyo - Mitsubishi UFJ and Union Bank Establish Joint Deposit and Cash Management Strategy
For Immediate Release
New York / San Francisco, January 26, 2011 -- The Bank of Tokyo–Mitsubishi UFJ (BTMU) and Union Bank, N.A. today announced a North American strategic initiative designed to provide global deposit and cash management services to fulfill the needs of multinational companies. BTMU/Americas and Union Bank will establish a single leadership structure to coordinate shared capabilities and the expertise of each company to increase market share in North America.
Union Bank Senior Executive Vice President JoAnn M. Bourne, who is the head of Union Bank’s Global Treasury Management Group, has been appointed to lead the effort, effective immediately, with responsibility for guiding initiatives to manage and stimulate growth at both Union Bank and BTMU/Americas. Bourne will oversee business strategies and goals and manage integrated sales, customer service, and product strategies. In addition, she will assist in establishing a new transaction banking organization within BTMU/Americas that will provide deposit and treasury services to U.S. and Asian corporate clients.
"JoAnn brings a depth of expertise honed through years of successfully fostering teamwork, understanding and predicting customer needs, and responding nimbly to volatile economic conditions," says Tatsuo Tanaka, Deputy President of BTMU and Chief Executive of its Global Business Unit. "We are confident that she will accelerate progress toward reaching our goals of unifying and strengthening our global market presence."
The new organizational structure is designed to help realize the full potential of the combined BTMU/Americas–Union Bank customer base, brand, and products. All of these activities will be an integral part of the BTMU’s global transactional banking initiative.
Bourne will continue to serve as head of Union Bank’s Global Treasury Management Group (GTM), responsible for multiple product lines including global treasury products, international trade, trust, custody, and eCommerce. GTM provides domestic and international treasury management solutions with relationship managers and service support professionals who have extensive industry knowledge.
Bourne is a member of Union Bank’s policy-making executive committee and has received numerous professional and industry awards for her business acumen and her ability to identify and mentor emerging high-potential employees. In 2010, Bourne was named one of the top five "Women to Watch" in the annual ranking of the most powerful women in banking by U.S. Banker Magazine.
About The Bank of Tokyo–Mitsubishi and the Mitsubishi UFJ Financial Group
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is Japan's premier bank, with a global network spanning more than 40 countries. BTMU offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. In the Americas, BTMU has offices throughout the United States, Canada, and Central and South America serving mainly corporate clients. BTMU's parent, Mitsubishi UFJ Financial Group (MUFG), is one of the world's leading financial groups, with total assets of more than JPY 204 trillion (approximately US$2.19 trillion) as of March 31, 2010. MUFG's services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group's operating companies include BTMU, Mitsubishi UFJ Trust and Banking Corporation (Japan's leading trust bank), and Mitsubishi UFJ Securities Holdings, one of Japan's largest securities firms. MUFG's shares trade on the Tokyo, Osaka, Nagoya, and New York (NYSE: MTU) stock exchanges.