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