MUFG appointed Masatoshi (Masa) Komoriya executive chairman of the board of directors for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank, effective June 30, 2022. He will continue to be based in New York.

Komoriya has been a board member since April 2022 and succeeds Kazuo (Kaz) Koshi, who has been a member of the board of directors since 2016. Koshi was executive chairman from April 2020 to April 2022 and transitioned to chairman in April.

“On behalf of my fellow board members, we are delighted that Masa has been appointed executive chairman,” Toby S. Myerson, lead independent director for MUFG, said. “Masa’s more than 30 years of successful banking experience in Japan, the U.S. and EMEA makes him uniquely qualified to serve as executive chairman. Kaz has been a trusted partner to me and to the board for many years and we have benefitted tremendously from his leadership and deep institutional knowledge. He will be missed greatly, but we thank him and wish him well as he returns to Tokyo to serve as advisor to MUFG Bank, president and CEO Junichi Hanzawa.”

In addition to serving as executive chairman, Komoriya will continue as deputy chief operating officer, international and deputy chief executive of the global commercial banking business group for MUFG. He assumed these New York-based positions in April 2022. He also held leadership roles at EMEA. During his working in EMEA, he developed his career in strategic planning, including branch network optimization in the EU continent and Brexit contingency planning.