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Japan's Aozora Bank names new president, chairman

Japan's Aozora Bank Ltd. promoted Deputy President Kei Tanikawa to president and CEO, according to a March 26 release.

He replaces Shinsuke Baba who becomes a director and chairman of the bank's board.

Meanwhile, Makoto Fukuda will retire as a director and chairman but will continue to serve as a special adviser, the bank said.

The changes will take place after a June 24 meeting of the bank's shareholders.