NEW YORK, June 15, 2021 /PRNewswire/ -- Mitsubishi UFJ
Financial Group (MUFG) announced today the appointment of
Randall Chafetz to the role
of Vice Chairman of the firm's Global Corporate and Investment
Banking (GCIB) business.
Chafetz will assume this newly created role in New York on June
29 and continue reporting to Masato Miyachi, Chief Executive of GCIB.
In his capacity as Vice Chairman, Chafetz will lend senior
relationship support to MUFG's clients worldwide, including
financial institutions, institutional investors and corporate
clients. He will also serve in an advisory role for GCIB's
leadership around the globe.
"Randy has achieved a series of firsts in his banking career of
more than 35 years: He was MUFG's first non-Japanese Executive
Officer; was the first of our overseas executives to take up a
position in our Tokyo Head Office; and will now be GCIB's first
Vice Chairman," said Miyachi. "In his new role, Randy will be
instrumental in helping GCIB realize our vision of being a premier
business partner to our clients."
Chafetz joined the predecessor Bank of Tokyo Mitsubishi as Head
of Capital Markets in 1998 and has held various roles at the
firm—both within the U.S. and globally—including Head of Corporate
and Investment Banking for the Americas. Upon his appointment as
Executive Officer of the bank in 2013, he moved to Tokyo and assumed responsibility for the
bank's Global Corporate business while overseeing the international
Investment Banking businesses. Most recently, he has been serving
as Deputy Chief Executive of GCIB.
"I am honored to be appointed Vice Chairman and look forward to
helping GCIB deliver value-added solutions to our global clients,"
Chafetz said. "I see this role as an opportunity to strengthen
GCIB's relationships and forge new ones, especially among financial
institutions, institutional investors and financial
sponsors."
MUFG is one of the world's largest financial institutions by
assets, with approximately $3.2
trillion.1
About MUFG
About MUFG Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of
the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG
has a global network with around 2,500 locations in more than 50
countries. The Group has over 180,000 employees and offers services
including commercial banking, trust banking, securities, credit
cards, consumer finance, asset management, and leasing. The Group
aims to "be the world's most trusted financial group" through close
collaboration among our operating companies and flexibly respond to
all of the financial needs of our customers, serving society, and
fostering shared and sustainable growth for a better world. MUFG's
shares trade on the Tokyo,
Nagoya, and New York stock exchanges. For more
information, visit https://www.mufg.jp/english.
Press contact:
Assaf
Kedem
T: 212-782-4926
E: akedem@us.mufg.jp
1 According to the exchange rate of $1 (U.S. dollar) = ¥110.7 (Japanese yen) as of
March 31, 2021
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SOURCE MUFG