Bank of Tokyo-Mit­subishi CEO step­ping down af­ter just 1 year

New Straits Times - - Business -

TOKYO: The head of the Bank of Tokyo-Mit­subishi UFJ (BTMU), the core unit of Ja­pan’s big­gest “mega­bank”, will step down for health rea­sons barely a year into the job, said sources yes­ter­day.

Pres­i­dent and chief ex­ec­u­tive of­fi­cer Takashi Oya­mada would be re­placed by deputy pres­i­dent Kanet­sugu Mike at a meet­ing today of the board of Mit­subishi UFJ Fi­nan­cial Group (MUFG), Ja­pan's largest lender by as­sets, said the sources.

The sources would not elab­o­rate on Oya­mada’s health con­di­tion.

Oya­mada, who took over the helm of BTMU in April last year, had widely been seen as a suc­ces­sor to Nobuyuki Hi­rano to head the MUFG hold­ing com­pany.

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