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UNION BANK ANNOUNCES THREE EXECUTIVE PROMOTIONS
For Immediate Release
Stephen L. Johnson
Daniel W. Weidman
Chief Risk Officer Mark Midkiff and Chief Retail Banking Officer Tim Wennes Advanced to Vice Chairman
Branch Banking Head Pierre Habis Promoted to Senior Executive Vice President
San Francisco, April 29, 2010 -- UnionBanCal Corporation and its primary subsidiary, Union Bank, N.A., today announced the promotion of two key executives to vice chairman status. Chief Risk Officer Mark W. Midkiff was named Vice Chairman as was Chief Retail Banking Officer Timothy H. Wennes. Midkiff is based in Union Banks San Francisco headquarters. Wennes is based in Union Bank's Los Angeles headquarters. Both report to Union Bank President and Chief Executive Officer Masaaki Tanaka.
Pierre P. Habis, executive vice president and head of branch banking, was promoted to senior executive vice president and will continue to report to Wennes. Habis also becomes a member of the bank's policy-making executive committee.
"These officers are more than meeting the challenges posed by an increasingly competitive marketplace, " said Union Bank President and Chief Executive Officer Masaaki Tanaka. "Mark has demonstrated great leadership and acumen in overseeing Union Bank’s credit portfolio and ensuring that we remain focused on maintaining a strong culture of risk management. Tim and Pierre are leading the expansion of our retail banking operations and bringing a breadth of experience and expertise to the task of achieving our strategic goals -- growth, stability and an increasing share of the retail market."
As the company's Chief Risk Officer, Midkiff exercises executive oversight and provides strategic direction for risk management and reporting, compliance, business security and intelligence, credit portfolio risk, credit administration for corporate and retail banking, special assets, and the company's Basel II capital requirements program.
Midkiff joined Union Bank in June 2009 as deputy chief credit officer and was named senior executive vice president in July 2009. Prior to joining Union Bank, Midkiff had a 25- year career at Wachovia Corporation. At Wachovia, he served as the Chief Risk Officer for the General Banking Group. Prior to that, he had executive responsibilities including leading the Real Estate Risk Group, as well as heading the Commercial Real Estate Group.
As Chief Retail Banking Officer, Wennes has executive responsibility for branch banking and oversight of the bank's consumer and business products and services. He oversees mortgage and consumer lending, small business lending, and consumer and small business deposits. He also oversees retail advertising and marketing, as well as bank's Corporate Social Responsibility Division. He joined Union Bank in July 2008 as the head of retail banking and was named a senior executive vice president at the company's July 2008 board meeting.
Prior to joining Union Bank, Wennes was president and chief operating officer of Countrywide Bank and oversaw its retail operations. Wennes also was with Wells Fargo for 14 years, where he became a regional president.
Habis joined Union Bank in September 2008 as head of branch banking and was named an executive vice president in October 2008. He has more than 20 years of experience in consumer and business banking at Wells Fargo, Bank of America and Countrywide Bank. Habis leads Union Bank's network of 346 branches, and its Business Banking and Priority Banking Groups.