MUFG says it's promoting managing director Hanzawa to bank CEO

Resona Holdings

24/12/2020 07:00

TOKYO, Dec 24 (Reuters) - Mitsubishi UFJ Financial Group Inc
 8306.T  said on Thursday it would make managing director
Junichi Hanzawa, 55, the head of its core banking unit, as
Japan's biggest lender seeks to rejuvenate its business in the
face of a tough lending environment.
    Hanzawa, who shares his surname with the hero of a hit TV
series about a banker, will become chief executive of MUFG Bank
effective April 1. Outgoing CEO Kanetsugu Mike, 64, will become
group chairman.
    MUFG said it would hold a new conference at 5 p.m. JST (0800
GMT).

 (Reporting by Takashi Umekawa; Editing by Chris Gallagher)
 ((Takashi.Umekawa@thomsonreuters.com;))